The Slope of the Short-Run Aggregate Supply Curve Can Be

question 21

Multiple Choice

The slope of the short-run aggregate supply curve can be explained by

• A) the fact that all prices are sticky in the short run.
• B) sticky input prices and flexible output prices.
• C) flexible input prices and sticky output prices.
• D) the fact that all prices are flexible in the short run.
• E) the fact that all prices except wages are flexible in the short run.

---

Definitions:

Stanford Prison Experiment

A 1971 study conducted by Philip Zimbardo at Stanford University to investigate the psychological effects of perceived power, focusing on the struggle between prisoners and prison officers.

Social Role

The part individuals play as members of a social group, which meets the expectations of that situation or environment.

Persuasion

The act or process of influencing someone's beliefs, attitudes, or behaviors through communication and argumentation.

Comparative Information

Data or facts that are used to compare different entities, situations, or conditions to understand similarities or differences.