The short-run aggregate supply curve: a. has the same slope as ...

[arivle123]

The short-run aggregate supply curve:
 a. has the same slope as the LRAS.
 b. shifts only when the LRAS shifts in the same direction.
 c. normally slopes upward to the right because the costs of labor and other inputs are relatively fixed in the short run.
  d. normally has a slope of zero, meaning the curve is horizontal.

Question 2

Other things equal, a reduction in personal income taxes will decrease consumption and will have an expansionary effect on real GDP.
 a. True
  b. False
  Indicate whether the statement is true or false

[kkenney]

Answer to Question 1

c

Answer to Question 2

False

[arivle123]

Wow, this really help

[juliaf]

Gracias!