If the Aggregate Supply Curve Is Steep

question 87

Multiple Choice

If the aggregate supply curve is steep,

• A)increased aggregate demand will not lead to higher prices.
• B)greater demand for labor will not cause significant wage increases.
• C)business firms are probably producing near capacity.
• D)All of the above are correct.

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Definitions:

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Polyhydramnios

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A condition where the heart rate exceeds the normal resting rate, typically defined as more than 100 beats per minute in adults.