Question: If input prices changed at exactly the same rate as output prices , the aggregate supply curve would be A . vertical. B . horizontal.

If input prices changed at exactly the same rate as outputprices, the aggregate supply curve would be
A.vertical.
B.horizontal.
C.upward sloping.
D.downward sloping.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Q:

Please, I have difficulties with the following questions and I really need answers. Thank you very much. 1) In short-run equilibrium, the quantities supplied and demanded of Real GDP can be less than...

Q:

Exercise 3: Answer the following question. Justify your answers. The following Table describes the labor market for the whole economy of a given country. Assume perfect and full information is...

Q:

(Answers for all given questions (b-f) to compare for notes) The following Table describes the labor market for the whole economy of a given country. Assume perfect and full information is available...

Q:

The following are data on Country A's (i) Gross Domestic Savings as a % of GDP and (ii) Annual Growth Rate of GDP (in %). Gross domestic savings (% of GDP) GDP grown (annual %) 2001 - 31 2001 - 4...

Q:

Incentives Effort You are a division manager for the logging firm of Karrde Incorporated. You are planning to offer a contract to Jade Enterprises for constructing logging roads in the Myrkr Forest....

Q:

15. Some economists believe that when aggregate demand declines, prices are inflexible or sticky in the downward direction. This implies that the aggregate supply curve is A. upward sloping at full...

Q:

Choose one of the scenarios below to analyze and answer. Your textbook readings will be a good resource for this assignment as these images and questions are from the textbook First Choice 1. Death...

Q:

Company A's earnings declined significantly during the 2020 financial year during but will, according to an analyst's estimate, recover to R23.00 per share in 2021. In the past, Company A has been...

Q:

Fact Pattern Better Bean Quantifiers LLP ("BBQ") is an accounting firm in Vancouver. In December of 2019, BBQ decided to throw a giant Christmas party at their offices. Food was served and BBQ paid...

Q:

Refer to the information provided in Figure 11.7 below to answer the questions that follow. PA LRAS AS Price level 400 700 800 Y Aggregate output (in millions) Figure 11.7 Refer to Figure 11.7 $700...

Q:

The Caffeine Coffee Company uses the modified internal rate of return. The firm has a cost of capital of 11 percent. The project being analyzed is as follows ($26,000 investment): YearCash Flow 1...

Q:

Find F(s) given that 2t, 0

Q:

Sherin appointed her brother, Ben, as her attorney while creating the enduring power of attorney ( POA ) document. The POA is triggered when Sherin becomes incapable due to a critical illness. Which...

Q:

What is the most challenging issue about enforcing City Code. Why are Codes needed in municipalities? How do you make sure that people are treated fairly when enforcing codes?