Which of the Following Is True

question 205

Multiple Choice

Which of the following is true?

• A)The long-run aggregate supply curve slopes upward to the right.
• B)The aggregate quantity demanded of goods and services slopes downward to the right because it is simply the sum of the demand curves for each individual product.
• C)An unanticipated increase in demand will increase prices and improve profit margins in the goods and services market,leading firms to expand output.
• D)An anticipated increase in demand will lead to higher resource prices,which will cause firms to expand their output.

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Definitions:

Trust

The reliance on the integrity, strength, ability, or surety of a person or thing; faith in someone's reliability.

Cooperative

The act of working together towards a common goal or interest, often involving shared tasks or resources.

Chinese Americans

Individuals of Chinese descent who are citizens or residents of the United States, encompassing a diverse group with varying cultural, linguistic, and historical backgrounds.

Chinese Identity

The sense of belonging to the Chinese culture, encompassing its traditions, language, and history.