If the Price Level Kept Decreasing,the Short-Run Aggregate Supply Curve

question 84

Multiple Choice

If the price level kept decreasing,the short-run aggregate supply curve would get flatter because

• A)all the unemployed would eventually be hired.
• B)we could hire any and all resources at the going rate without increasing prices or the price of inputs..
• C)the rate at which capacity can be expanded increases indefinitely.
• D)the long-run aggregate supply curve is horizontal.

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Definitions:

Visionary Goal

A long-term objective that a company or individual aims to achieve, guided by ambitious ideals and a clear vision of a desired future.

Mission Statement

A short statement of an organization's purpose, identifying the scope of its operations in product and market terms.

Core Purpose

The fundamental reason for an organization's existence, beyond just making money.

Corporate-Level Strategy

Involves decision-making at the highest level of a company, focusing on the overall scope and direction of the organization.