Which of the Following Explains Why We Assume That the Economy's

question 2

Multiple Choice

Which of the following explains why we assume that the economy's aggregate supply (AS) curve has a positive slope?

• A)Inputs become more expensive at higher levels of output.
• B)Inputs become less expensive at higher levels of output.
• C)Firms' unit costs rise as output increases.
• D)Firms' unit costs fall as output increases.
• E)Aggregate demand increases at higher levels of national income.

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Definitions:

Moral Reasoning

The process of determining what is right or wrong in a given situation, based on ethical principles and personal values.

Carol Gilligan

An American feminist, ethicist, and psychologist known for her work in moral development and ethical relationships.

Moral Development

Refers to the process through which individuals develop proper attitudes and behaviors towards other people in society, based on social and cultural norms, rules, and laws.