Aggregate supply increases when ________
A. the price level rises
B. the money wage rate falls
C. consumption increases
D. the money price of oil increases
B A fall in the money wage rate increases aggregate supply and shifts the AS curve rightward.
Economics
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In the above figure, between 20 and 25 units per hour, the firm experiences
A) economies of scale. B) diseconomies of scale. C) constant returns to scale. D) increasing total fixed costs.
Economics
The percentage change in the quantity supplied in response to a percentage change in the price is known as the
A) slope of the supply curve. B) excess supply. C) price elasticity of supply. D) All of the above.
Economics