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.

Recognize the role and types of financing available to small businesses.

Comprehend how small businesses impact the U.S. economy.

Identify reasons for business failures and successes.

Gain insight into the structure and benefits of different business ownership types, including sole proprietorships, partnerships, and corporations.

---

Definitions:

Morula

A solid ball of cells resulting from division of a fertilized ovum, and from which a blastula is formed.

Primitive Streak

Dynamic, constantly changing structure that forms at the midline of the blastodisc in birds, mammals, and some other vertebrates. It is active in gastrulation as cells migrate to a narrow furrow at its center, the primitive groove, and sink into the interior of the embryo. The anterior end of the primitive streak is Hensen’s node.

Epiblast

An early embryo layer from which all the three primary germ layers develop during gastrulation in the formation of a vertebrate body.

Notochord

A flexible rod-like structure in the early stages of embryos in all chordates, providing skeletal support.