Which of the Following Explains Why the Aggregate Supply Curve

question 57

Multiple Choice

Which of the following explains why the aggregate supply curve is generally upward sloping?

• A) When real output decreases, per-unit production costs tend to increase.
• B) When aggregate demand shifts rightward, aggregate supply also always shifts rightward as well.
• C) When real output increases, per-unit production costs decrease.
• D) When real output increases, per-unit production costs increase as well.

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Definitions:

Public Disclosure

The act of making information or data openly accessible and available to the general public.

Universalization Test

The ethical guideline that urges us to consider, before we act, what the world would be like if everyone acted in this way.

Ethical Guidelines

Standards of behavior and professional conduct expected within a specific field or profession.

Stakeholder

An individual or group with an interest or concern in the success of an organization, project, or outcome.