The Positive Slope of the AS Curve Is a _____

question 59

Multiple Choice

The positive slope of the AS curve is a _____ phenomena, when the _____ are held constant.

• A)long-run;business profits
• B)short-run;government expenditures
• C)short-run;costs of production
• D)long-run;commodity prices
• E)long-run;aggregate expenditures

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Definitions:

Spending Variance

The difference between the actual cost incurred for an item and its planned or budgeted cost, indicating how well a company manages its expenses.

Budgeting

The method of crafting a budget that details your planned income and expenditures for a certain time frame.

Planning Budget

A financial plan that estimates income, expenditure, and resources over a specified period, often used for guiding a business's strategy.

Employee Salaries

Regular payments made to employees for their service or work, typically on a monthly basis, not directly tied to the amount of hours worked.