The Aggregate Supply Curve Normally

question 36

Multiple Choice

The aggregate supply curve normally

• A)slopes downward and to the right due to higher resource prices.
• B)has a horizontal slope equal to zero.
• C)is very steep in the lower portion and flatter in the upper portion.
• D)slopes upward to the right due to short-run fixed costs of production.

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Definitions:

Unit

In economics, a unit can refer to a single item or product which can be quantified and measured.

Tax Per Unit

A specific charge levied on each unit of a product or service, often used by governments to regulate consumption or raise revenue.

Sellers

Individuals or entities that offer goods or services for sale to consumers or other businesses.

Tax

A compulsory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund government spending and various public expenditures.