The Aggregate Supply Curve Is Upward Sloping in

question 16

Multiple Choice

The aggregate supply curve is upward sloping in

• A)the short and long run.
• B)neither the short nor long run.
• C)the long run,but not the short run.
• D)the short run,but not the long run.

---

Definitions:

Overtime

Additional hours worked by an employee beyond the standard working hours, often compensated at a higher rate than regular hours.

Aggregate Planning

A process in organizations to develop, analyze, and maintain a preliminary, approximate schedule of the overall operations.

Subcontracting

The act of assigning another company the responsibility to complete a portion of the work or services originally undertaken by oneself.

Overtime

Time worked beyond the standard hours set by a company policy or national regulation, often compensated at a higher pay rate.