The Short-Run Aggregate Supply Curve Slopes Upward Because

question 21

Multiple Choice

The short-run aggregate supply curve slopes upward because:

• A)firms normally can purchase some inputs at prices that are temporarily fixed in the short run.
• B)firms seek maximum profits and always try to increase output in the short run.
• C)firms purchase inputs that rise in price as the price level rises in the short run.
• D)All of the above are correct.

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