According to the short-run aggregate supply curve, when the _____ rises, the quantity of aggregate output _____ rises.
A) profit per unit; demanded
B) aggregate price level; supplied
C) aggregate price level; demanded
D) interest rate; supplied
Correct Answer:
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Q84: When short-run aggregate supply increases, it means
Q85: When the price level decreases, firms in
Q86: Profit per unit equals:
A) price per unit
Q87: The short-run aggregate supply curve illustrates:
A) the
Q88: The positive relationship between the aggregate price
Q90: An increase in the minimum wage would
Q91: When short-run aggregate supply decreases, it means
Q92: Nominal wages are sticky because:
A) wages are
Q93: The short-run aggregate supply curve is positively
Q94: The short run in macroeconomic analysis is
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