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

question 89

Multiple Choice

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

• A)produce the same output, but at higher prices.
• B)accumulate inventories.
• C)produce less in response to falling profits.
• D)be compensated for the extra costs incurred to produce more output.
• E)experience rising factor prices.

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Definitions:

Strategy To Cope

Methods or plans developed to handle stressful or difficult situations effectively.

Psychogenic Amnesia

Loss of memory in the absence of any brain injury or disease and thought to have psychological causes.

Anterograde Amnesia

A condition characterized by the inability to form new memories following the onset of the condition, while long-term memories from before the condition may remain intact.

Retrograde Amnesia

A loss of memory-access to events that occurred, or information that was learned, before an incident that caused the amnesia.