AggregateSupply Theaggregatesupplycurveshowstherelationshipbetweenthepricelevelandthe quantityofstuffthatfirmswillchoosetomakeandsell. Holdinginputcostsconstant,asthepricelevelrises,firmswillmakeandsellalarger quantityofgoods. ShiftsinAggregateSupply Oncemore,herearethethingsthatshiftAS. ...
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price level of what they produce and sell is rising, but their costs of production are not rising, then the lure of higher profits will induce them to expand production. In other words, an aggregate supply curve shows how producers as a group will respond to an increase in aggregate demand...
The aggregate supply curve shows the relationship between real GDP and the average price level. a. True. b. False. State True or False. The long-run aggregate supply curve is vertical because all prices adjust in the long run. If output price...
The aggregate supply curve shows relationship between the price level and the level out output in the economy. It does not look at an single good or service but all goods in an economy and that we why we call it an aggregate supply c...
The aggregate supply curve will shift following changes in all but which of the following?A、The price levelB、Wage ratesC、Technology and productivityD、Available supplies of factories and machines 相关知识点: 试题来源: 解析 A 22. - 春天:春色满园关不住,一枝红杏出墙来。 - 夏天:接天莲叶无...
:A,the aggregate demand curve to shift to the right and inflation to rise.(总需求曲线向右移动,通货膨胀上升)B the aggregate supply curve to shift to the left and inflation to rise.(总供给曲线向左移动,通货膨胀上升)C the aggregate supply curve to shift to the right and inflation to rise....
The sticky-wage theory of the short-run aggregate supply curve says that when the price level rises more than expected,A.production is more profitable and employment rises.B.production is more profitable and employment falls.C.production is less profitab
The aggregate supply curve shows the relationship Between the aggregate price level and the quantity of aggregate output supplied in the economy. The Short-Run Aggregate Supply Curve The period from 1929 to 1933 demonstrated that there is a positive relationship in the short run Between the aggregat...
The author then presents an interpretation of the aggregate supply curve "appropriate to the economy in which we live."doi:10.1080/00220485.1985.10845133PaulWellsThe Journal of Economic Education