The Short-Run Aggregate Supply Curve Has A(n)________ Slope Because as Prices

question 131

Multiple Choice

The short-run aggregate supply curve has a(n) ________ slope because as prices of ________ rise,prices of ________ rise more slowly.

• A)positive; final goods and services; inputs
• B)infinite; final goods and services; inputs
• C)positive; inputs; final goods and services
• D)infinite; inputs; final goods and services

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Definitions:

Protectionist Policies

Protectionist policies are governmental actions and policies that restrict or restrain international trade, often with the intent of protecting local businesses and jobs from foreign competition.

Trade Deficit

A situation where a country's imports of goods and services exceed its exports, indicating a net outflow of domestic currency to foreign markets.

Foreign Assets

Assets held in a country by foreign residents and businesses, which can include stocks, bonds, real estate, and other types of investments.

Domestic Investment

Investment in the financial assets and physical infrastructure within a country's own borders.