The immediate-short-run aggregate supply curve is
A) downsloping.
B) upsloping.
C) vertical.
D) horizontal.

Name: The immediate-short-run aggregate supply curve is A) downsloping. B) upsloping. C) vertical. D) horizontal.
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Question

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In the immediate-short run, the prices of resources and the prices of final goods and services are fixed. As a result, the immediate-short run aggregate supply curve is horizontal. This means that changes in aggregate demand will only affect the price level, not the real output.

The Immediate-Short-Run Aggregate Supply Curve Is