On What Does the Steepness of the Short-Run Aggregate Supply

question 148

Multiple Choice

On what does the steepness of the short-run aggregate supply curve primarily depend?  

• A) on the length of time for which resource prices are fixed 
• B) on the length of time for which output prices are fixed 
• C) on the difference between the expected price level and the actual price level 
• D) on how quickly production costs increase as output expands

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