An Adjustment "Asymmetry" in Aggregate Supply Is

question 139

Multiple Choice

An adjustment "asymmetry" in aggregate supply is

• A)the concave shape of the AS curve.
• B)the convex shape of the AS curve.
• C)the difference in speed of a rightward shift versus a leftward shift (when wages adjust to output gaps).
• D)the difference in speed of increases in factor prices versus wage rates.
• E)the difference in speed of decreases in output levels.

---

Definitions:

Headwaters

The location or general area where a stream or river begins.

Perennial

Describes plants that live for more than two years or streams that flow continuously throughout the year.

Gradient

A rate of inclination or slope, or the rate at which a physical quantity changes with respect to change in another quantity.

Cross-sectional Area

The area of a particular section of an object or material that is exposed when it is cut through by a plane.