The short-run aggregate supply curve (in the absence of misperceptions)

A) is vertical.
B) slopes upward.
C) is horizontal.
D) slopes downward.

C

Economics

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LeBron James went right from high school to the NBA because he had a low opportunity cost of attending college

a. True b. False

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When saving leaks out of the circular flow of income and spending,

A. total income necessarily falls. B. it leaks out of the financial system. C. it flows to borrowers. D. it increases the size of the spending flow.

Economics