The short-run SAS curve is positively sloped because as
A) AD increases,mark-ups are increased,indicating variable mark-up pricing.
B) SAS increases,mark-ups are increased,indicating variable mark-up pricing.
C) AD increases,raw materials prices set by auction tend to rise.
D) A and C are both correct.
Correct Answer:
Verified
Q10: The natural unemployment rate fell in the
Q19: Continuous inflation requires repeated _ shifts of
Q20: Figure 8-6 Q21: When the actual inflation rate is equal Q22: In _ there were beneficial supply shocks Q23: A positive relationship between inflation and unemployment Q25: Suppose that the government enforced a law Q26: Each SP curve is drawn assuming Q27: Which of the following will shift the Q29: The European Monetary System
A)Pe as
A)broke down in 1990
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