Solved

The Aggregate Supply Curve Cannot Be the Sum of the Supply

Question 66

Multiple Choice

The aggregate supply curve cannot be the sum of the supply curves of all the individual firms in the economy because


A) some firms actually set prices instead of just responding to process determined in the market.
B) the outputs of some firms are the inputs of other firms.
C) it is unrealistic to believe that costs are constant for individual firms if the overall price level is increasing.
D) all of the above

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents