The Aggregate Supply Curve Tends to Be Relatively Steep When

question 116

Multiple Choice

The aggregate supply curve tends to be relatively steep when GDP is above potential output because firms are operating above ________,and ________ are rising rapidly.

• A)equilibrium output; unit costs
• B)profit-maximizing output; total costs
• C)capacity; unit costs
• D)equilibrium output; total costs
• E)equilibrium output; average costs

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