A Nearly Vertical Aggregate Supply Curve Occurs

question 181

Multiple Choice

A nearly vertical aggregate supply curve occurs

• A)when the economy is producing close to the maximum output level.
• B)whenever an economy is in a recession.
• C)in an economy with considerable cyclical unemployment.
• D)in an economy with much idle capacity.

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Definitions:

Ethical Guidelines

A collection of guidelines aimed at ensuring business is carried out ethically and with honesty by professionals.

Operational Definition

A clear, detailed description of how variables will be measured or manipulated in a research study.

Diffusion Of Responsibility

A phenomenon where individuals are less likely to take action or feel responsible in the presence of a large group of people.

Bystander Effect

The concept within social psychology that describes how individuals are less prone to stepping in to help a victim when they are surrounded by other people.