The Sticky-Price Theory of the Short-Run Aggregate Supply Curve Says

question 17

Multiple Choice

The sticky-price theory of the short-run aggregate supply curve says that when the price level is higher than expected,some firms will have

• A)higher than desired prices,which leads to an increase in the aggregate quantity of goods and services supplied.
• B)higher than desired prices,which leads to a decrease in the aggregate quantity of goods and service supplied.
• C)lower than desired prices,which leads to an increase in the aggregate quantity of goods and services supplied.
• D)lower than desired prices,which leads to a decrease in the aggregate quantity of goods and services supplied

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Definitions:

Anterior Hypothalamus

A region at the front of the hypothalamus involved in regulating temperature, reproductive behaviors, and sleep.

Neurons

Specialized cells within the nervous system that transmit information to other neurons, muscle cells, or gland cells.

Sexual Orientation

A person's pattern of emotional, romantic, or sexual attraction to others, which can include heterosexuality, homosexuality, bisexuality, and more.

Genetic Differences

Variations in the DNA sequences among individuals, which contribute to the diversity of organisms' traits and characteristics.