The Short-Run Aggregate Supply Curve Is Positively Sloped Because

question 4

Multiple Choice

The short-run aggregate supply curve is positively sloped because

• A) a short-run increase in GDP usually is accompanied by a rise in the price level.
• B) many input prices are slow to change in the short run.
• C) all variables are fixed in the short run.
• D) a short-run increase in GDP usually is accompanied by a slower rise in the price level.

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