In the short run, the aggregate supply curve:
A. is perfectly inelastic.
B. slopes upward.
C. is perfectly elastic.
D. slopes downward.
Answer: B
Economics
You might also like to view...
Assume an income tax was doubled. Describe what would happen to labor supply and leisure. Can we be about the net effect on labor supply?
What will be an ideal response?
Economics
Evidence indicates that the average economic profits of invention are
A. well above zero. B. slightly above zero. C. equal to zero. D. less than zero.
Economics