An Adjustment "Asymmetry" in Aggregate Supply Is

question 1

Multiple Choice

An adjustment "asymmetry" in aggregate supply is

• A)the concave shape of the AS curve.
• B)the convex shape of the AS curve.
• C)the difference in speed of a rightward shift versus a leftward shift (when wages adjust to output gaps).
• D)the difference in speed of increases in factor prices versus wage rates (when wages adjust to output gaps).
• E)the difference in speed of decreases in output levels.

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The powers granted to the United States Congress by the Constitution, including making laws, declaring war, and controlling federal spending.

Articles of Confederation

The first constitution of the United States, ratified in 1781, which established a confederation of states with a weak central government, leading to its replacement by the U.S. Constitution in 1789.

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