The Slope of the Short-Run Aggregate Supply Curve Depends on How

question 38

Multiple Choice

The slope of the short-run aggregate supply curve depends on how sharply:

• A)the marginal cost of production rises as real GDP expands.
• B)the average cost of production rises as real GDP expands.
• C)real GDP increases as the price level rises.
• D)nominal GDP increases as the price level rises.
• E)product prices change as the price level rises.

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