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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