Classical Economists Believe That a Reason the Aggregate Supply Curve

question 93

Multiple Choice

Classical economists believe that a reason the aggregate supply curve is ________ is because people who are not working are those who have chosen not to work at the prevailing wage rate.

• A) horizontal
• B) vertical
• C) positively sloped
• D) negatively sloped

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Definitions:

Investing Activities

Transactions and events related to the acquisition and disposal of long-term assets and other investments not considered as cash equivalents.

Cash Dividend

A payment made by a company to its shareholders, usually in the form of cash, as a share of the profits.

Operating Activities

These include the primary revenue-generating activities of a business, such as manufacturing, distributing, marketing, and selling a product or service.

Cash Dividend

A payout to shareholders from a company's earnings in the form of cash.