Which of the Following Is the BEST Explanation for an Upward-Sloping

question 53

Multiple Choice

Which of the following is the BEST explanation for an upward-sloping short-run aggregate supply curve?

• A) Prices are perfectly flexible.
• B) Wages are perfectly flexible.
• C) Wages and prices of some goods are sticky in the short run.
• D) Wages and prices of some goods are flexible in the short run but sticky in the long run.

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Definitions:

Contribution

The act of giving or supplying something (such as knowledge, materials, or effort) towards a common goal or project.

Prospective Coalition

An anticipated alliance or partnership among individuals or groups with the intention of achieving common goals.

Members

Individuals who belong to a group, organization, or community, typically sharing a common interest or purpose.

Coalition Founder

An individual or entity responsible for initiating the formation of a coalition or alliance.