Gradual Adjustment of Prices and Wages to an Increase in the Aggregate

question 12

Multiple Choice

Gradual adjustment of prices and wages to an increase in the aggregate demand curve implies that the aggregate supply curve is:

• A) horizontal.
• B) vertical.
• C) upward sloping but not vertical.
• D) downward sloping.

Identify and analyze trends in financial data over time.

Apply financial analysis techniques to make informed decisions.

Differentiate between liquidity ratios, such as the current ratio and quick ratio, and understand their importance.

Analyze sales performance and operational efficiency using turnover ratios and growth percentages.