The short-run aggregate supply curve is upward-sloping because:
a. the quantity of real output supplied is inversely related to aggregate supply
b. nominal incomes are fixed.
c. of the conjunction between the incremental capital-output ratio and the interbank offer rate.
d. an increase in price will increase the supply of money.
b
Economics
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For economic freedom to exist,
A) copyright laws must be abolished and markets supervised by the government. B) democracy must exist. C) human capital must be given away free. D) property rights must be protected and markets must be free. E) money must be free.
Economics
The idea of government failure includes all of the following except:
A. special-interest effect. B. bureaucratic inefficiency. C. pressure by special-interest groups. D. extensive positive externalities from public and quasi-public goods.
Economics