Which of the following explains the shape of the short-run aggregate supply curve?
a. The inverse relationship between the quantity supplied and the cost per
b. The direct relationship between the quantity supplied and the cost per unit
c. The direct relationship between the quantity supplied and the price level
d. The inverse relationship between quantity supplied and GDP
e. The inverse relationship between quantity supplied and the profit per unit
c
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At each of the three points in the following graph, indicate whether planned aggregate expenditure is greater than, equal to, or less than GDP?
What will be an ideal response?
When the evolution of new technologies is unknown, or it is unclear which country has the "best" rules for standards, the adoption of ________ is the superior option
A) a harmonization of standards B) separate standards C) mutual recognition standards D) larger country standards