The aggregate supply curve is
a. a schedule showing the relationship between the price level and the quantity of real GDP supplied.
b. usually upward sloping.
c. relatively flat at low levels of resource utilization.
d. All of the above are correct.
d
Economics
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Which of the following protects people from incompetent or unscrupulous producers?
A) the Federal Register B) social regulation C) the market share test D) economic regulation
Economics
If both matches and automobile prices increase by 10 percent, consumers will likely buy
A. fewer matches and approximately the same quantity of automobiles. B. approximately the same quantity of matches and fewer automobiles. C. fewer matches and fewer automobiles. D. approximately the same quantity of both matches and automobiles.
Economics