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Author Question: The main reason why the short-run aggregate supply curve slopes upward is that as the average price ... (Read 64 times)

MirandaLo

  • Hero Member
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  • Posts: 538
on: Jun 30, 2018
The main reason why the short-run aggregate supply curve slopes upward is that as the average price level increases, larger scales of production become more profitable.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Employment fell last month to its lowest level in the last six years is an example of:
 a. the fallacy of composition.
  b. positive economics.
 c. normative economics.
 d. none of the above


miss.ashley

  • Sr. Member
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  • Posts: 371
Reply #1 on: Jun 30, 2018
Answer to Question 1

False

Answer to Question 2

b


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