​ an Aggregate Supply Curve with a Positive Slope Is

question 103

Multiple Choice

​ An aggregate supply curve with a positive slope is associated with an economy in which:

• A) ​input prices and final goods prices always change by the same amount.
• B) ​firms expect output prices to be unaffected by changes in input prices.
• C) ​nominal wages and salaries do not change much in the short run.
• D) ​ firms expect consumer demand to be unaffected by changes in prices of final goods.

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Definitions:

Cambodia

A country located in the southern portion of the Indochina Peninsula in Southeast Asia, known for its rich history, including the Angkor period, and more recent turbulent Khmer Rouge era.

NLF Headquarters

The central operation location for the National Liberation Front, primarily known during the Vietnam War as a political organization and guerrilla warfare force.

John Ehrlichman

A key advisor and assistant to President Richard Nixon, primarily involved in domestic affairs and later linked to the Watergate scandal.

Plumbers

Individuals skilled in installing and maintaining systems used for potable (drinking) water, sewage, and drainage in plumbing systems; also refers to a covert White House Special Investigations Unit during the Nixon administration.