The Short-Run Aggregate Supply Curve Illustrates the Idea That If

question 238

Multiple Choice

The short-run aggregate supply curve illustrates the idea that if the price level falls, firms will experience

• A) falling input costs, so they will increase their output level.
• B) no change in input costs, so they will not change their output level.
• C) falling inputs costs, so they will reduce their output level.
• D) no change in input costs, so they will reduce their output level.

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Definitions:

Synergist

A muscle that assists another muscle in accomplishing a movement by helping reduce undesired motion or by stabilizing joints.

Prime Mover

A prime mover, in anatomy and physiology, refers to the muscle that plays a leading role in performing a particular movement by contracting, while other muscles may play supportive or stabilizing roles.

Fixator

A muscle or muscle group that stabilizes the origin of another muscle to enable effective action of the muscle.

Antagonist

A substance that binds to a receptor and blocks or dampens a biological response by inhibiting the effect of an agonist.