The only factor that can cause movement along the aggregate supply curve is the
A. labor force.
B. capital stock.
C. availability of resources.
D. price level.
E. All of these responses are correct.
Answer: D
Economics
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The supply of real GDP is a function of
A) the total expenditures of consumers, investors and government. B) the sum of wages, salaries, corporate profits, rents and interest. C) only the state of technology. D) the quantities of labor, capital and the state of technology.
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The firm's fixed cost refers to costs that
a. do not change as the price of a good changes b. do not change as the firm's output changes c. can never be changed d. can only be changed in the short run e. do not change when the scale of the operation changes
Economics