Of the following, which is not held constant in the short run when determining the aggregate supply curve?
A) Profits
B) Wages
C) Rent
D) Interest
E) All of these are held constant when determining the short run aggregate supply curve.

Question

Quizplus · Accepted Answer

In the short run, wages, rent, and interest are considered fixed costs and are held constant when determining the aggregate supply curve. Profits, however, can fluctuate based on changes in revenue and costs.

Of the Following, Which Is Not Held Constant in the Short