The Aggregate Supply Curve Slopes Upward Because Firms

question 23

Multiple Choice

The aggregate supply curve slopes upward because firms

• A)seek to maximize profits and output.
• B)normally can purchase inputs at fixed prices.
• C)employ technology, which is always fixed.
• D)purchase inputs whose prices rise as output rises.

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Definitions:

InputMismatchException

An exception thrown by a scanner to indicate that the next token does not match the expected pattern or type.

Catch Block

A block of code in exception handling that is executed when a specific error or exception occurs during program execution.

ArithmeticException

A type of exception in Java that occurs when an illegal arithmetic operation is performed, like division by zero.

Divisor Zero

Refers to the attempt of dividing a number by zero, which is undefined and causes an error in many programming environments.