Moving along the aggregate supply curve,
A) the quantity of capital used increases.
B) technology advances.
C) the stock of human capital increases.
D) only the price level changes.
E) the real wage rate is constant.
D
Economics
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In a simple economy without government or the foreign sector, saving must equal investment because output is divided into consumption and investment, and income is either consumed or saved
Indicate whether the statement is true or false
Economics
Is it possible for an equilibrium that is consistent with purely competitive conditions to arise in an industry with positive scale economies? If so, explain how this could happen. If not, why not?
What will be an ideal response?
Economics