Multiple Choice
The immediate-short-run aggregate supply curve represents circumstances where
A) both input and output prices are fixed.
B) both input and output prices are flexible.
C) input prices are fixed, but output prices are flexible.
D) input prices are flexible, but output prices are fixed.
Correct Answer:
Verified
Related Questions
Q19: The real-balances effect indicates that
A) an increase
Q20: The aggregate demand curve
A) is upsloping because
Q21: The immediate-short-run aggregate supply curve is
A) downsloping.
B)
Q22: The aggregate supply curve
A) is explained by
