The Short-Run Aggregate Supply Curve Is Upward-Sloping Because

question 45

Multiple Choice

The short-run aggregate supply curve is upward-sloping because:

• A) in the short run,an increase in spending leads to an increase in output.
• B) wages increase with an increase in output in the short run.
• C) wages and prices are sticky in the short run.
• D) an increase in spending only leads to an increase in prices.

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Definitions:

Eukaryotes

Organisms whose cells contain a nucleus enclosed within membranes, distinguishing them from prokaryotes.

Role

A function or part played by an individual or thing in a particular situation, system, or environment.

Promoter

A specific DNA sequence that binds RNA polymerase and initiates transcription of downstream genes.

Transcription

The technique of duplicating the genetic information present in a DNA strand into a fresh molecule of messenger RNA (mRNA).