The Aggregate Supply Curve Is Upward Sloping _____

question 1

Multiple Choice

The aggregate supply curve is upward sloping _____.

• A) in the long run
• B) in the short run
• C) when the marginal cost of production is high
• D) when wages rise faster than inflation

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Definitions:

Cost of Capital

The cost of capital represents the return rate that investors expect of a company to generate from its projects to be worth the risk of the investment.

Accountants

Professionals who manage and examine financial records for individuals, companies, or organizations.

Economists

Professionals who study the production, distribution, and consumption of goods and services, analyzing how economies work and how economic agents interact.

Opportunity Costs

Represents the benefits an individual, investor, or business misses out on when choosing one alternative over another.