An Explanation for Why the Short-Run Aggregate Supply Curve Is

question 46

Multiple Choice

An explanation for why the short-run aggregate supply curve is upward-sloping is because:

• A) ​the quantity of real output supplied is inversely related to the aggregate supply curve.
• B) ​nominal incomes are fixed.
• C) ​the capital-output ratio is fixed.
• D) ​an increase in price will increase the marginal aggregate output.​

---

Definitions:

Brand's Position

Refers to a brand's unique place in the market, perceived by consumers, in relation to its competition, based on attributes, benefits, values, or identity.

Personality

The combination of characteristics or qualities that forms an individual's distinctive character, often applied to brands to humanize them.