Which of These Is Assumed to Be Constant Along an Aggregate

question 21

Multiple Choice

Which of these is assumed to be constant along an aggregate supply curve?

• A)The price level in an economy
• B)The exchange rate between the domestic and a foreign currency
• C)The state of technology used in production
• D)The unemployment rate
• E)The real GDP

---

Definitions:

Technological Change

The process of innovation and improvement in technology, which often leads to increased efficiency and productivity within an industry or economy.

Unemployment Rates

Unemployment Rates represent the percentage of the labor force that is jobless and actively seeking employment.

Breakthrough

A significant or sudden advance or discovery that contributes to progress in a particular field.

Labor Needed

The amount of workforce or manpower required to complete a task, fulfill a job, or achieve a production goal.