The Short-Run Aggregate Supply Curve Is Horizontal If

question 183

Multiple Choice

The short-run aggregate supply curve is horizontal if

• A) resources were fully utilized.
• B) there are unutilized resources in the economy.
• C) resources are perfectly adaptable between production processes.
• D) there are high inflation rates.

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Definitions:

Behavior

The way in which one acts or conducts oneself, especially towards others.

Stickleback

A small fish species known for its complex social behaviors and as a model organism in studies of animal behavior and evolution.

Reaction Chain

A sequence of actions triggered by stimuli, where each response serves as a cue for the next action in the sequence.

Fixed Action Chain

A sequence of behaviors in response to a specific stimulus, where each action in the sequence automatically triggers the next, with little to no variability.