The slope of the short-run aggregate supply curve depends on how ...

[lb_gilbert]

The slope of the short-run aggregate supply curve depends on how sharply:
 a. the marginal cost of production rises as real GDP expands.
  b. the average cost of production rises as real GDP expands.
  c. real GDP increases as the price level rises.
 d. nominal GDP increases as the price level rises.
 e. product prices change as the price level rises.

Question 2

The equilibrium interest rate in a money market is determined by:
 a. the rate of inflation.
 b. aggregate demand and aggregate supply.
  c. money demand and money supply.
 d. the Congress.
 e. the Fed.

[mcni194]

Answer to Question 1

a

Answer to Question 2

c

[lb_gilbert]

Thanks for the timely response, appreciate it

[miss_1456@hotmail.com]

TYSM