The Short-Run Aggregate Supply Curve

question 100

Multiple Choice

The short-run aggregate supply curve

• A) is vertical because the economy is at full capacity.
• B) is upward sloping because some costs are slow to rise as output expands.
• C) is horizontal because input prices do not rise as output rises.
• D) cannot be generalized because each economy is unique.

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Definitions:

Spirit of Revolution

The ideological and emotional fervor that drives revolutionary movements or periods of significant social and political change.

Quick Victory

Achieving success or a desired outcome in a short period of time, often used in military or competitive contexts.

Military Manpower

The number of people available for military service within a country, including both active duty personnel and individuals eligible to be called up as reserves.

Naval Power

The strength and capability of a country's navy, affecting its ability to control sea trade routes and exercise military influence.