?An aggregate supply curve with a positive slope is associated with an economy in which:
A. ?input prices and final goods prices always change by the same amount.
B. ?firms expect output prices to be unaffected by changes in input prices.
C. ?nominal wages and salaries do not change much in the short run.
D. ? firms expect consumer demand to be unaffected by changes in prices of final goods.
Answer: C
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a. reduce the pressures on bond markets b. increase real GDP c. lead to open market sales of bonds d. increase the interest rate e. encourage tax increases
When marginal cost is rising, average total cost is rising
Indicate whether the statement is true or false
In 2014, the poverty line was
A. $12,701 for one person and $24,230 for a family of four. B. $15,769 for one person and $32,463 for a family of four. C. $12,013 for one person and $15,769 for a family of four. D. $9,373 for one person and $13,500 for a family of four.
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A) two B) three C) four D) five