The Short-Run Aggregate Supply Curve

question 213

Multiple Choice

The short-run aggregate supply curve

• A) is downward sloping.
• B) shows many input costs are quick to change to keep the economy at full employment.
• C) exhibits a positive relationship between the aggregate price level and aggregate output.
• D) shows input costs remaining constant, as firms have a lot of excess capacity.

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Definitions:

Mosses

Mosses are small, non-vascular plants that typically grow in dense green clumps or mats, often in damp or shady locations.

Whisk Ferns

Primitive plants belonging to the genus Psilotum, characterized by simple branching stems and lacking true leaves and roots.

Chromosome Sets

The complete set of chromosomes present in the nucleus of a cell or organism, usually occurring in pairs in diploid organisms.

Gametophyte

The haploid stage in the life cycle of plants and algae that produces gametes (sex cells) through mitosis.