Short-run aggregate supply:
a. is a fixed volume of output
b. reflects how much RGDP suppliers are willing and able to produce at different price levels.
c. shifts only when the LRAS shifts.
d. is not affected at all by the price level.
b
Economics
You might also like to view...
Which growth theory models growth as a perpetual motion machine?
A) new growth theory B) classical growth theory C) neoclassical growth theory D) all growth theories model growth as a perpetual motion machine
Economics
________ Treasury bonds tend to have lower interest rates than ________ Treasury bonds
A) Lower coupon payment; higher coupon payment B) Higher denomination; lower denomination C) Longer-maturity; shorter-maturity D) Shorter-maturity; longer-maturity
Economics