The Aggregate Supply Curve

question 76

Multiple Choice

The aggregate supply curve

• A) is explained by the interest rate, real-balances, and foreign purchases effects.
• B) gets steeper as the economy moves from the top of the curve to the bottom of the curve.
• C) shows the various amounts of real output that businesses will produce at each price level.
• D) is downsloping because real purchasing power increases as the price level falls.

---

Definitions:

Psychological Needs

Essential emotional or mental requirements for an individual's well-being and proper development.

Social Needs

Basic human desires for affiliation, such as friendship, acceptance, and belonging within a group or community.

Specific Agenda

A detailed plan or list of items to be discussed or acted upon in a meeting or gathering.

Minutes

The official written record of the discussions and decisions made during meetings.