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:

Spingarn Medal

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NAACP

The National Association for the Advancement of Colored People, a civil rights organization established in 1909 to combat prejudice, lynching, and to promote racial justice and equality.

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