The short-run aggregate supply curve can slope upward because
A) prices are fixed in the short run.
B) wages adjust immediately to changing economic circumstances.
C) producers have misperceptions about the aggregate price level.
D) prices adjust instantaneously.
C
Economics
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a. increases; decreases b. increases; increases c. decreases; decreases d. decreases; increases
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Which of the following encourages people to engage in activities that yield uncertain returns?
a. perfect information b. economic profit c. accounting profit d. all of the above
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