If nominal wages and salaries are fixed as firms change product prices, the short-run aggregate supply curve is:
A) vertical.
B) horizontal.
C) negatively sloped.
D) positively sloped.

Question

If nominal wages and salaries are fixed as firms change product prices, the short-run aggregate supply curve is: ​
A) ​ vertical.
B) ​ horizontal.
C) ​negatively sloped.
D) ​positively sloped.

Quizplus · Accepted Answer

The Answer of If nominal wages and salaries are fixed as firms change product prices, the short-run aggregate supply curve is: ​
A) ​ vertical.
B) ​ horizontal.
C) ​negatively sloped.
D) ​positively sloped.

If Nominal Wages and Salaries Are Fixed as Firms Change