The less vertical the aggregate supply curve, the
A) faster the price level increases.
B) higher the level of potential GDP.
C) lower the profits earned by businesses.
D) quicker wages adjust to price changes.
E) slower wages adjust to price changes.

Question

Quizplus · Accepted Answer

The Answer of The less vertical the aggregate supply curve, the
A) faster the price level increases.
B) higher the level of potential GDP.
C) lower the profits earned by businesses.
D) quicker wages adjust to price changes.
E) slower wages adjust to price changes.

The Less Vertical the Aggregate Supply Curve, the