The Short-Run Aggregate Supply Curve Slopes Upward Because a _____

question 20

Multiple Choice

The short-run aggregate supply curve slopes upward because a _____ aggregate price level leads to _____.

• A) higher; lower output as costs of production increase
• B) higher; higher output, since most production costs are fixed in the short run
• C) lower; higher output, since production costs tend to fall in the short run
• D) lower; higher profit and higher productivity

---

Definitions:

Stereotyping

The act of assigning identical characteristics to any person in a group regardless of the actual variation among members of that group.

Social Scripts

Prescribed behaviors and expectations for individuals within specific social situations or roles, guiding how people should act and interact in various contexts.

Cognitive Dissonance

The mental unease felt by a person who simultaneously possesses multiple conflicting beliefs, ideas, or values.

Social Loafing

The tendency for individuals to expend less effort when working in a group compared to when working alone.