Suppose a Shift in the Aggregate Demand Curve Causes Prices

question 47

Multiple Choice

Suppose a shift in the aggregate demand curve causes prices to increase a lot and real output to increase by a little.What does this suggest about the shape of short-run aggregate supply curve?  

• A) It is horizontal. 
• B) It is very steep. 
• C) It is vertical. 
• D) It is downward sloping.

---

Definitions:

Managerial Potential

Describes the capability and likelihood of an individual to succeed in management roles, based on qualities like leadership, decision-making, and communication skills.

Technical Skills

Specific abilities and knowledge required to perform practical tasks in specialized fields, involving complex processes or equipment.

Formal Education Programs

Structured courses of study or training provided by educational institutions or organizations leading to certification, a diploma, or a degree.

Action Planning

A process by which goals are set and strategies are developed for accomplishing the objectives.