In Building a Macro Model with an AS Curve, It

question 70

Multiple Choice

In building a macro model with an AS curve, it is assumed that producers will

• A)decrease their prices without changing output.
• B)produce as much as possible at the existing price level.
• C)increase prices without changing their output.
• D)decrease their prices when they expand output.
• E)produce more output only if prices rise.

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Definitions:

ServoDisc Motor

A motor that employs a printed circuit board as the armature.

Printed-circuit

An electronic circuit in which conductive paths are printed onto a non-conductive substrate, used in the fabrication of electronic devices.

Laminated

Something made of thin sheets stacked together.

Copper

A chemical element with high electrical conductivity, widely used in electrical wiring and electronics.