An upward sloping short-run aggregate supply curve suggests that
A) prices and wages are completely inflexible.
B) prices and wages adjust in part to short-run demand changes.
C) prices and wages are completely flexible.
D) real GDP is determined by aggregate supply.
B
Economics
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If a country's GDP increases and all other variables remains constant, ________
A) its income per worker will increase B) its income per capita will fall C) its GNP will fall D) its trade surplus will increase
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A rising inflation rate tends to injure the following types of people:
A) retirees and students with savings accounts. B) borrowers and homeowners. C) homeowners with mortgages and students with student loans. D) landowners and borrowers.
Economics