Which of the Following Explains the Shape of the Short-Run

question 23

Multiple Choice

Which of the following explains the shape of the short-run aggregate supply curve?

• A) the inverse relationship between quantity supplied and cost per unit
• B) the direct relationship between quantity supplied and cost per unit
• C) the direct relationship between quantity supplied and price level
• D) the inverse relationship between quantity supplied and GDP
• E) the inverse relationship between quantity supplied and profit per unit

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Definitions:

Trait Approach

A theory in psychology that focuses on the identification and measurement of specific personality characteristics or traits.

Personality

Personality is the overall combination of characteristics that capture the unique nature of a person as that person reacts to and interacts with others.

Interpersonal Behaviors

Actions and reactions between individuals in social interactions, including communication, cooperation, and conflict.

Motives

Internal driving forces that compel individuals to take action or behave in a certain way.