The AS Curve Slopes Upward Because

question 101

Multiple Choice

The AS curve slopes upward because:

• A)all firms will increase their prices in response to an increase in aggregate demand, but some will increase their output and others will decrease their output.
• B)all firms will increase their prices, but not their output in response to an increase in aggregate demand.
• C)some firms will increase their prices and their output in response to an increase in aggregate demand.
• D)all firms will increase their prices and their output in response to an increase in aggregate demanD.

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Definitions:

Recurring Activities

Tasks or events that happen repeatedly over a period of time according to a regular schedule.

Nonrecurring Events

Events or activities that happen once and do not repeat over time.

Purpose Statement

A declaration that outlines the intent or goal of a document, project, or study.

Action Verbs

Words that express an action, whether physical or mental, often used to make writing more dynamic and powerful.