The Short Run Aggregate Supply Curve

question 27

Multiple Choice

The short run aggregate supply curve:

• A)shows the various amounts of real output which businesses will produce at each price level.
• B)is downward sloping because real purchasing power increases as the price level falls.
• C)contains a vertical range where real output is variable and the price level is constant.
• D)is explained by the interest rate, wealth, and foreign trade effects.

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