In the Short Run,the Aggregate Supply Curve Has a Positive

question 12

Multiple Choice

In the short run,the aggregate supply curve has a positive slope because,as the price level rises,producers can

• A)accumulate inventories.
• B)charge a higher price sufficient to cover their higher unit costs.
• C)experience rising factor prices.
• D)produce less in response to falling profits.
• E)increase output at unchanged unit costs.

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Definitions:

Kirchhoff's Laws

A set of two fundamental rules in electrical engineering that describe the conservation of current and energy in electrical circuits.

Kirchhoff's Voltage Law

A principle in electrical engineering that states the sum of electrical potential differences around any closed network is zero.

New Netherland

A 17th-century colonial province of the Dutch Republic that included parts of what are now the northeastern United States.

Hudson River

A river in New York, United States, known for its historical significance and beauty, running from the Adirondack Mountains to New York City.