The Steeper the Short-Run Aggregate Supply Curve,_____

question 109

Multiple Choice

The steeper the short-run aggregate supply curve,_____.

• A)the steeper the aggregate demand curve
• B)the larger the value of the spending multiplier
• C)the larger the budget surplus
• D)the larger the impact of a shift in aggregate demand on the equilibrium price level
• E)the larger the impact of a shift in aggregate demand on the equilibrium output level

---

Definitions:

Psychological Dependency

A mental reliance on a substance, activity, or behavior that can lead to emotional distress or difficulty in functioning without it.

Shrinkage

the reduction in inventory due to factors such as theft, damage, or administrative errors, not sales.

Inventory Losses

The reduction in inventory due to factors such as theft, damage, or obsolescence, resulting in financial loss for a business.

Shoplifting

The unauthorized removal of goods from a retail establishment without payment, considered a form of theft.