The AS Curve Slopes Upward Because

question 85

Multiple Choice

The AS curve slopes upward because:

• A) all firms will increase their prices in response to an increase in aggregate demand, but some will increase their output and other will decrease their output.
• B) all firms will increase their prices, but not their output in response to an increase in aggregate demand.
• C) some firms will increase their prices and their output in response to an increase in aggregate demand.
• D) all firms will increase their prices and their output in response to an increase in aggregate demand.

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Definitions:

Short-Term Memory

Short-term memory refers to the capacity for holding a small amount of information in an active, readily available state for a short period of time.

Consciousness

The state of being aware of and able to think about one's own existence, sensations, thoughts, surroundings, etc.

Long-Term Memory

A type of memory that holds information for long periods, potentially indefinitely, divided into explicit (conscious) and implicit (unconscious) memories.

Words Like

Likely pertains to lexical studies or exercises involving the identification of synonyms, antonyms, or associated words based on meaning or usage.