The Short-Run Aggregate Supply Curve Shows the

question 3

Multiple Choice

The short-run aggregate supply curve shows the

• A) inverse relationship between the price level and real GDP purchased.
• B) inverse relationship between the price level and real GDP produced.
• C) direct relationship between the price level and real GDP produced.
• D) direct relationship between the price level and real GDP purchased.

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Definitions:

Appeal to Authority

A logical fallacy that occurs when someone argues that a claim is true simply because an expert or authority asserts it to be true, without further evidence.

Mechanic

A professional who applies technical knowledge to repair, maintain, and sometimes construct machinery, vehicles, or other mechanical systems.

Rain

Precipitation in the form of water droplets that falls from clouds in the sky to the earth's surface.

Ad Hominem

A fallacy that attacks the person making an argument rather than addressing the argument itself.