The Aggregate Supply Curve Is Usually Assumed to Get Progressively

question 119

Multiple Choice

The aggregate supply curve is usually assumed to get progressively steeper at relatively higher levels of output because

• A)of increasing factor prices.
• B)of increasing productivity of the factors of production.
• C)of diminishing marginal productivity of the factors of production.
• D)of rising competition among price setters.
• E)of excess capacity at higher levels of output.

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