The Short-Run Aggregate Supply Curve

question 100

Multiple Choice

The short-run aggregate supply curve

• A) is vertical because the economy is at full capacity.
• B) is upward sloping because some costs are slow to rise as output expands.
• C) is horizontal because input prices do not rise as output rises.
• D) cannot be generalized because each economy is unique.

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Definitions:

Transmission Stuck

A condition where a vehicle's transmission fails to shift gears properly, often due to mechanical problems or lack of fluid.

Neutral

In automotive terms, a gear position in transmission that disengages the engine from the wheels, allowing the vehicle to coast without power input.

Hall-effect Sensors

Devices that detect magnetic fields and convert the information into electrical signals.

V-Ref Input

A reference voltage input, typically used in electronic circuits to provide a stable baseline voltage for operational accuracy.