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

question 26

Multiple Choice

What does the steepness of the short-run aggregate supply curve depend on?  

• A) a larger-than-expected simple multiplier 
• B) a smaller-than-expected simple multiplier 
• C) the increase in labour costs as output expands 
• D) how sharply production costs increase as output expands