The Short-Run Aggregate Supply Curve Is Upward Sloping for All

question 154

Multiple Choice

The short-run aggregate supply curve is upward sloping for all of the following reasons except:

• A)some firms adjust their markup in response to an increase in demand.
• B)some firms adjust their production in response to an increase in demand.
• C)some markets are posted-price markets.
• D)all inputs are fully utilized in the short run.

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Definitions:

Auditory Hallucination

A sensory experience of hearing sounds or voices that are not present in the external environment.

Safety Measures

Actions or devices designed to prevent accidents and injuries, and reduce the risk of harm in various settings.

Disorganized

Lacking structure, order, or coherence; often used to describe thought patterns, living conditions, or planning.

Dangerous

Having the potential to cause harm, injury, or adverse effects.