If Firms Are Willing to Produce and Sell More Output

question 146

Multiple Choice

If firms are willing to produce and sell more output when prices rise,this implies

• A)an upward-sloping short-run aggregate supply curve.
• B)a vertical short-run aggregate supply curve.
• C)an upward-sloping aggregate demand curve.
• D)a horizontal aggregate supply curve.

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Definitions:

Impulsivity

The tendency to act on a whim, displaying behavior characterized by little or no forethought, reflection, or consideration of the consequences.

Conscientiousness

A personality trait characterized by being organized, responsible, and thorough; one of the Big Five personality traits.

Introversion

A personality trait characterized by a preference for solitary activities and inward-focused experiences, as opposed to seeking stimulation from external sources.

Anxiety

An emotion of anxiety or restlessness, often experienced in anticipation of a forthcoming event or due to the unpredictable nature of its result.