With an Upward-Sloping Short-Run Aggregate Supply Curve, Firms Respond to a Change

question 65

Multiple Choice

With an upward-sloping short-run aggregate supply curve, firms respond to a change in aggregate demand by adjusting:

• A)both prices and quantities in the short run.
• B)prices but not quantities in the short run.
• C)quantities but not prices in the short run.
• D)neither prices nor quantities in the short run.

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Definitions:

Subcutaneous Injection

A subcutaneous injection is a method of administering medication under the skin into the fat layer, used for drugs that require slow, sustained release into the blood.

Subcutaneous Layer

The layer of tissue beneath the skin that consists of fat and connective tissue, providing insulation and energy storage.

Albinism

A genetic condition characterized by the absence of pigment in the skin, hair, and eyes, resulting in very light coloring and increased sensitivity to sunlight.

Melanin

A pigment produced by melanocytes within the skin, responsible for skin, eye, and hair color, and provides protection against UV radiation.