The Short-Run Aggregate Supply Curve Has a ________ Slope Because

question 91

Multiple Choice

The short-run aggregate supply curve has a ________ slope because as prices of ________ rise, prices of ________ rise more slowly.

• A)positive; final goods and services; inputs
• B)vertical; final goods and services; inputs
• C)positive; inputs; final goods and services
• D)vertical; inputs; final goods and services

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Definitions:

Correlation Coefficient

A statistical measure that calculates the strength and direction of a linear relationship between two quantitative variables.

Positive Linear Relationship

A relationship in which increases in the values of the first variable are accompanied by increases in the values of the second variable.

Mental Stability

A state of psychological well-being or equilibrium where an individual is able to function effectively in society.

Correlation Coefficient

A statistical measure that calculates the extent to which two variables change together, indicating the strength and direction of a linear relationship.