The Slope of the Short-Run Aggregate Supply Curve Can Be

question 21

Multiple Choice

The slope of the short-run aggregate supply curve can be explained by

• A) the fact that all prices are sticky in the short run.
• B) sticky input prices and flexible output prices.
• C) flexible input prices and sticky output prices.
• D) the fact that all prices are flexible in the short run.
• E) the fact that all prices except wages are flexible in the short run.

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Definitions:

Aggression

A range of behaviors that can result in both physical and psychological harm to oneself, others, or objects in the environment.

Instinctive

Relating to or denoting behaviors that are innate and automatic, performed without being based on prior experience or external cues.

Learning

An ongoing process that involves gaining and modifying information, beliefs, and skills through experience, instruction, or practice.

Important Human Instinct

Innate, biological inclinations crucial for survival or reproduction, such as fear responses or parental protectiveness.