Refer to the above graph. The immediate-short-run aggregate supply curve would be represented by which line?
A. 1
B. 2
C. 3
D. 4
Answer: B
You might also like to view...
An example of capital is a tractor used by a farmer
Indicate whether the statement is true or false
Which of the following is true about location rents? a. They are illegal in many inner-city locations. b. They are found by taking the shaded area below the transport cost curve. c. They arise from differential costs in transporting food to the marketplace. d. They arise when the MRP is lower than the cost of transporting food to the marketplace
e. They would not exist if all land were of similar quality.
The World Bank classifies countries as developed or developing on the basis of their:
a. disposable income. b. disposable income per capita. c. real income per capita. d. GNP per capita.
Efficiency wages may lower employee turnover.
Answer the following statement true (T) or false (F)