The Steepness of the Aggregate Supply Curve Depends on The

question 35

Multiple Choice

The steepness of the aggregate supply curve depends on the:

• A)rate of inflation in the economy.
• B)change in relative prices of commodities.
• C)substitutability of the inputs used in producing various goods and services.
• D)ability of the producers to respond to price-level changes in the short run.
• E)the market rate of interest.