The Short-Run Aggregate Supply Curve Is Upward Sloping Because in the Short

question 15

Multiple Choice

The short-run aggregate supply curve is upward sloping because in the short run,costs of many factors that go into producing goods and services are ________,meaning that the price for a unit of output will ________ relative to input prices and the profit per unit will rise.

• A)fixed; rise
• B)fixed; fall
• C)flexible; rise
• D)flexible; fall

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Definitions:

Cell Adaptation

The process by which cells adjust to changes in their environment or stimuli, resulting in modified structure or function.

Changing Conditions

Variations in the environment that can affect processes and behaviors of organisms.

Codon AUA

A specific sequence of three nucleotides in mRNA that signals for the incorporation of the amino acid isoleucine during protein synthesis.

Single Mutation

A change in the DNA sequence affecting only one nucleotide base in the genome of an organism.