The short-run aggregate supply curve shows the:
A. Inverse relationship between the price level and real GDP purchased
B. Inverse relationship between the price level and real GDP produced
C. Direct relationship between the price level and real GDP produced
D. Direct relationship between the price level and real GDP purchased
C. Direct relationship between the price level and real GDP produced
Economics
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Incentives to provide resources to less qualified individuals are referred to as
a. adverse selection b. forced saving c. moral hazard d. seigniorage e. all of the above
Economics
In the short run, average variable costs are minimized when
A) MPL equals APL. B) APL is maximized. C) MPL is maximized and APL is increasing. D) Both A and B.
Economics