Which of the Following Is Downward-Sloping

question 55

Multiple Choice

Which of the following is downward-sloping?

• A)both the long-run Phillips curve and the long-run aggregate-supply curve
• B)neither the long-run Phillips curve nor the long-run aggregate-supply curve
• C)the long-run Phillips curve,but not the long-run aggregate-supply curve
• D)the short-run Phillips curve,but not the long-run aggregate-supply curve

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Definitions:

Product Flow

Product flow describes the movement of goods from supplier to manufacturer to wholesaler to retailer to consumer.

Supply Chain

The complete system of producing and delivering a product or service, from the very beginning stage of sourcing the raw materials to the final delivery to the consumer.

Supply Chains

The entire network of entities, directly or indirectly, involved in the sourcing, production, and distribution of goods or services from suppliers to consumers.

Supply Chain Function

The activities and operations undertaken by entities within a supply chain, from procurement of raw materials to delivery of finished goods.