A short-run aggregate supply curve shows the
A) amount of a particular good producers are willing and able to buy at a particular price, ceteris paribus.
B) real output (Real GDP) producers are willing and able to sell at different price levels, ceteris paribus.
C) real output (Real GDP) people are willing and able to buy and to sell at different price levels, ceteris paribus.
D) real output (Real GDP) people are willing and able to buy at different price levels, ceteris paribus.
B
You might also like to view...
Your text refers to airlines as "The Kings of Price Discrimination." Why is price discrimination common in the airline industry?
What will be an ideal response?
Using the figure at? right, when the government imposes a price ceiling of? $20,
A. the quantity of goods that will be traded is 100. B. the quantity of goods that will be traded is 150. C.the quantity of goods that will be traded is 200. D.the quantity of goods that will be traded is 0.
Which of the following is correct?
A. Nominal GDP growth = real GDP growth ? inflation B. Nominal GDP growth + inflation = real GDP growth C. Nominal GDP growth + real GDP growth = inflation D. Nominal GDP growth = inflation + real GDP growth
What are the fiscal policy options to reduce an inflationary gap? Do these policies have the same impact?
What will be an ideal response?