Which of the Following Is True

question 205

Multiple Choice

Which of the following is true?

• A)The long-run aggregate supply curve slopes upward to the right.
• B)The aggregate quantity demanded of goods and services slopes downward to the right because it is simply the sum of the demand curves for each individual product.
• C)An unanticipated increase in demand will increase prices and improve profit margins in the goods and services market,leading firms to expand output.
• D)An anticipated increase in demand will lead to higher resource prices,which will cause firms to expand their output.

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Definitions:

Peer Group

A Peer Group is a social group made up of individuals with similar ages, backgrounds, or interests, influencing behavior, attitudes, and identity.

Problem Behaviors

Actions or behaviors exhibited by individuals that are considered undesirable, disruptive, or harmful to themselves or others.

Cultural Heritage

The legacy of physical artifacts and intangible attributes of a group or society passed from one generation to another.

Identity Development

The formation of a person's sense of self and unique identity through the integration of various aspects of their personal, social, and cultural experiences.