Other things constant, an increase in resource prices will
a. increase aggregate demand.
b. decrease aggregate demand.
c. decrease short-run aggregate supply.
d. increase short-run aggregate supply.
C
Economics
You might also like to view...
Bundling is used to raise total revenue
Indicate whether the statement is true or false
Economics
In a perfectly competitive market, the process of entry and exit will end when firms face
a. marginal revenue equal to long-run average total cost. b. total revenue equal to average total cost. c. average revenue greater than marginal cost. d. accounting profits equal to zero.
Economics