The Short-Run Aggregate Supply Curve of an Industry Would Be

question 46

Multiple Choice

The short-run aggregate supply curve of an industry would be vertical if:

• A)input prices were fixed in the short run.
• B)the demand for final goods was fixed in the short run.
• C)there was no profit effect or misperception effect.
• D)an increase in output price decreased the output of the industry.
• E)output price was fixed in the short run.

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