The short-run aggregate supply curve has a positive slope, showing that increases in the price level...
| The short-run aggregate supply curve has a positive slope, showing that increases in the price level will increase the quantity of aggregate output supplied by firms. | |||||
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Homework Answers
Answer : The answer is True.
The supply curve shows the relationship between price and quantity supplied. The slope of short-run aggregate supply curve is positive. This means that the relationship between price and quantity supplied is positive. And it shows that if price rise then the firm's quantity supplied increase. Therefore, the given statement is true.
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The short-run aggregate supply curve has a positive slope,
showing that increases in the price level...
5) The positive relationship between short-run aggregate supply and the price level indicates that, in the...
5) The positive relationship between short-run aggregate supply and the price level indicates that, in the short run, •A) firms produce more output as the price level falls. •B) firms produce more output as the price level rises. •C) the money wage rate increases when moving along the short-run aggregate supply curve. •D) lower price levels are more profitable for firms.
The short-run aggregate supply curve shows the short-run relationship between the A. price level and quantity...
The short-run aggregate supply curve shows the short-run relationship between the A. price level and quantity supplied in one market. B. price level and total demand in the entire economy. C. price level and the willingness of firms to supply output to the economy. D. consumption level and the price level. Evidence about the behavior of prices in the economy suggests that changes in aggregate demand have a relatively （Large or small） effect on prices within a few quarters so...
6. Why the aggregate supply curve slopes upward in the short run In the short run,...
6. Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean farmer who expects a...
True or False: Indicate whether the following questions are true or false and then EXPLAIN why. 1. An increase in price expectations shifts the long-run aggregate supply curve to the left. 2. All expl...
True or False: Indicate whether the following questions are true or false and then EXPLAIN why. 1. An increase in price expectations shifts the long-run aggregate supply curve to the left. 2. All explanations for the upward slope of the short-run aggregate supply curve suppose that the quantity of output supplied increases when the actual price level exceeds the price level that was expected. 3. One reason the Aggregate Demand curve slopes downward is the real wealth effect: a decrease...
Why does the short-run aggregate supply curve slope upward? O A. Profits rise when the prices...
Why does the short-run aggregate supply curve slope upward? O A. Profits rise when the prices of the goods and services firms sell rise more rapidly than the prices they pay for inputs. O B. An increase in market prices results in an increase in quantities supplied, as stated by the law of supply. O C. As the number of workers, machinery, and equipment increase, and technological changes occurs, quantity supplied increases. O D. All of the above cause the...
Why the aggregate supply curve slopes upward in the short run
Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. Suppose firms announce the prices for their products...
6. Why the aggregate supply curve slopes upward in the short run In the short run,...
6. Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. Suppose firms announce the prices...
5. Why the aggregate supply curve slopes upward in the short run In the short run,...
5. Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean farmer...
Why the aggregate supply curve slopes upward in the short run quantity of output that firms suppl...
Why the aggregate supply curve slopes upward in the short run quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy devi om the expected price level. Several theories explain how this might happen or example, the sticky-price theory asserts that the output prices of some goods and services adjust slowhy irms announce the prices for their products in advance, based on an expected price level of poods...
8. Why is the short-run aggregate supply curve positively sloped? Aa Aa E In the short...
8. Why is the short-run aggregate supply curve positively sloped? Aa Aa E In the short run, the quantity of output that firms supply can deviate from the natural rate of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. According to the misperception effect theory, overall changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean...
5) The positive relationship between short-run aggregate supply and the price level indicates that, in the short run, •A) firms produce more output as the price level falls. •B) firms produce more output as the price level rises. •C) the money wage rate increases when moving along the short-run aggregate supply curve. •D) lower price levels are more profitable for firms.
Why does the short-run aggregate supply curve slope upward? O A. Profits rise when the prices of the goods and services firms sell rise more rapidly than the prices they pay for inputs. O B. An increase in market prices results in an increase in quantities supplied, as stated by the law of supply. O C. As the number of workers, machinery, and equipment increase, and technological changes occurs, quantity supplied increases. O D. All of the above cause the...
6. Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the sticky-price theory asserts that the output prices of some goods and services adjust slowly to changes in the price level. Suppose firms announce the prices...
5. Why the aggregate supply curve slopes upward in the short run In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. For example, the misperceptions theory asserts that changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean farmer...
Why the aggregate supply curve slopes upward in the short run quantity of output that firms supply can deviate from the natural level of output if the actual price level in the economy devi om the expected price level. Several theories explain how this might happen or example, the sticky-price theory asserts that the output prices of some goods and services adjust slowhy irms announce the prices for their products in advance, based on an expected price level of poods...
8. Why is the short-run aggregate supply curve positively sloped? Aa Aa E In the short run, the quantity of output that firms supply can deviate from the natural rate of output if the actual price level in the economy deviates from the expected price level. Several theories explain how this might happen. According to the misperception effect theory, overall changes in the price level can temporarily mislead firms about what is happening to their output prices. Consider a soybean...
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