The aggregate supply curve normally
a. slopes downward and to the right due to higher resource prices.
b. has a horizontal slope equal to zero.
c. is very steep in the lower portion and flatter in the upper portion.
d. slopes upward to the right due to short-run fixed costs of production.
d
Economics
You might also like to view...
If the expected return on bonds increases, all else equal, the demand for bonds increases, the price of bonds ________, and the interest rate ________
A) increases; decreases B) increases; increases C) decreases; decreases D) decreases; increases
Economics
The synonym economists commonly use for additional is
A) capital. B) rational. C) marginal. D) economic.
Economics