If the Prices of Inputs Changes, What Will Happen to the Aggregate

question 51

Multiple Choice

If the prices of inputs changes, what will happen to the aggregate supply curve?

• A)It does not move but the economy moves along the curve.
• B)It depends on whether the input prices rise or fall.
• C)The curve will become flatter or steeper depending on whether the input prices rise or fall.
• D)It shifts inward or outward depending on whether the input prices rise or fall.

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Definitions:

Extrinsic Eye Muscles

The six muscles that control the movement of the eye and the eyelid, allowing for complex movements and adjustments in vision.

Ciliary Muscle Activity

The contraction and relaxation of the ciliary muscle, which helps in controlling the lens shape for focusing on objects at varying distances.

Membranous Labyrinth

A complex system of fluid-filled tubes and sacs found within the inner ear, important for hearing and balance.

Bony Labyrinth

A complex system of channels and cavities within the temporal bone of the skull that houses the organs of hearing and balance.