Who makes the billions of production decisions reflected in aggregate supply?
A) consumers
B) all households and firms
C) only the largest firms and the largest households
D) resource suppliers and firms
Correct Answer:
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Q15: Other things constant, what relationship is expressed
Q16: What does the potential output of an
Q17: Which of the following describes the short-run
Q18: Suppose that the real wage remained unchanged
Q19: Suppose the price level rises by 4
Q21: Which term refers to a wage rate
Q22: In constructing the short-run aggregate supply curve,
Q23: Which of the following best characterizes prices
Q24: Suppose the price level is rising faster
Q25: What does the long-run equilibrium price level
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