The short-run aggregate supply curve is positively sloped because:
(A) wages and other costs of production respond immediately to changes in prices.
(B) profit is lower when prices increase, so output decreases.
(C) workers are willing to work for lower wages rather than be laid off.
(D) higher prices lead to higher profit and higher output.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “The short-run aggregate supply curve is positively sloped because: (A) wages and other costs of production respond immediately to changes ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
1. Which of the following is an example of the resource-based view of the firm? a. Philip Morris diversified by purchasing Kraft foods, because they did not want to put money back in the high-risk cigarette business. b.
Answers (1)
AllTech Corporation had a balance of $ 1 comma 800 in Prepaid Supplies at the beginning of the year. The company purchased $ 1 comma 150 of supplies during the year. At year end, Prepaid Supplies had a balance of $ 1 comma 900.
Answers (1)
Effective vision statements include a. financial objectives and projected figures. b. all strategic directions of the organization. c. strategic posturing and future objectives. d. a brief statement of the company's direction.
Answers (1)
The company uses units as the measure of activity in its budgets and performance reports. During October, the company budgeted for 5,100 units, but its actual level of activity was 5,090 units.
Answers (1)
How is productivity affected when employees multitask? productivity drops by up to 85 percent. productivity increases by up to 40 percent. productivity remains the same. productivity increases by up to 80 percent.
Answers (1)
New Questions in Business
What is the best course of action to remove autorun for removable disks and cd drives in windows?
Answers (1)
A plane leaves Seattle, flies 85 miles at 30o north of east, and then changes direction to 45o south of east. After flying 115 miles in this new direction, the pilot must make an emergency landing in a field.
Answers (1)
Companies like hewlett-packard and frito-lay routinely monitor blogs to gain insight into
Answers (1)
Following are transactions of Gotebo Tanners, Inc., a new company, during the month of January: Issued 10,000 shares of common stock for $15,000 cash. Purchased land for $12,000, signing a note payable for the full amount.
Answers (1)
If the selling price per unit is $42, the unit contribution margin is $15, and total fixed expenses are $570,000, what will the breakeven sales in units be? Group of answer choices 13,571 38,000 8,550,000 21,111
Answers (1)