Which of the Following Is True of the Aggregate Supply

question 2

Multiple Choice

Which of the following is true of the aggregate supply curve?

• A)It portrays an inverse relationship between the price level and quantity of aggregate output.
• B)Resource utilization is constant along the curve.
• C)A decrease in the price level encourages firms to expand production because the cost of production decreases.
• D)The curve is upward-sloping.
• E)As average prices in the United States rise relative to average prices in other countries,U.S.producers find export markets more attractive than domestic markets.

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