Answered: The short-run aggregate supply curve…

The short-run aggregate supply curve will shift up if-------. Select one: a. government spending rises b. interest rates fall c. input costs rise d. Input costs fall

Economics (MindTap Course List)

13th Edition

ISBN:9781337617383

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter14: Money And The Economy

Section: Chapter Questions

Problem 9QP

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Question

The short-run aggregate supply curve will shift up if-------.

Select one:

a. government spending rises

b. interest rates fall

c. input costs rise

d. Input costs fall

Defintion Defintion Curve that represents the graphical relationship between the total supply of goods and services and the price level in the economy. When the price level increases, producers tend to supply more of a product in the market to earn a higher revenue or vice versa.

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