The position of the short-run aggregate supply curve depends on
A)the price level.
B)workers' expectations.
C)aggregate demand.
D)the actions of the monetary authority.

Question

Quizplus · Accepted Answer

The short-run aggregate supply curve's position is influenced by workers' expectations regarding future prices, which affects wage negotiations and production costs, not directly by the price level, aggregate demand, or actions of the monetary authority.

The Position of the Short-Run Aggregate Supply Curve Depends on