The Short-Run Aggregate Supply Curve

question 41

Multiple Choice

The short-run aggregate supply curve:

• A)​has the same slope as the LRAS.
• B)​shifts only when the LRAS shifts in the same direction.
• C)​normally slopes upward to the right because the costs of labor and other inputs are relatively fixed in the short run.
• D)​normally has a slope of zero, meaning the curve is horizontal.

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Definitions:

Typological Approach

An approach in psychology that involves classifying individuals into specific categories based on certain traits or behaviors.

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Methods in psychology that focus on identifying and measuring specific qualities that differentiate individuals' personalities.

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A classification of different patterns of behavior, thought, and emotion that define an individual's personal characteristics.

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Enduring characteristics that describe an individual's typical patterns of behavior, thinking, and feeling.