Ask Question
BusinessBusiness
1 February, 16:17

The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other determinants of real GDP constant b. What happens to output in an economy when the government spends more money c. The relationship between the price level and aggregate expenditure d. How firms respond to changes in interest rates

+3
Answers (1)
  1. 1 February, 16:42
    0
    The short-run aggregate supply curve shows the relationship between the price level and aggregate expenditure

    Explanation:

    A short-run aggregate supply curve (SRAS) is a graphical model that shows the positive relationship between aggregate price level and aggregate production amount supplied in an economy. The short-run aggregate supply curve is sloping upward as the supplied quantity increases as the prices increase.

    The short-run aggregate supply curve captures the relationship between the actual output and the price level. True production becomes bigger as the price level increases. As the price level decreases, actual production decreases too.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other determinants ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following is the best definition for a monopoly? A. An industry being split among several companies to allow for competition B. A whole industry being owned by one company C. The government controlling and making profit of an industry.
Answers (2)
Paying attention to the trends that might impact your future career is called what?
Answers (2)
On January 1, Year 1, Boyd Corporation accepts a $10,000 three-month, nine percent promissory note from one of its customers. To record acceptance of the note, the company will record a:
Answers (1)
Mike is arrested at a warehouse in North Industrial Park and is charged with the crime of theft. Mike will be prosecuted bya. the owner of the warehouse. b. the owner of the property that Mike is charged with stealing. c. a public official. d.
Answers (1)
All else equal, when investors consider a firm's return on equity (ROE) they consider less risky a firm that earns proportionately more of that return from operating activities as opposed to nonoperating activities. Select one: True False
Answers (1)
New Questions in Business
A married couple abandoned their principal residence in May. They had purchased the house five years ago for $350,000. The house had a current fair market value of $300,000.
Answers (1)
6 If you are a driver under 21 with a breath or blood alcohol level of. 05 or higher you will be required to:
Answers (1)
Why do you think companies felt that unions were "conspiracies that interfere with property rights"?
Answers (1)
When Ernesto needed to learn what his employees really think about his company's new pension plan, he approached Vonnie, a long-time secretary in the legal department with contacts throughout the organization.
Answers (1)
2. How interest rate changes affect present and future value Suppose you deposit $300 today into a bank account with a variable interest rate and will receive a payment in one year.
Answers (1)
Home » Business » The short-run aggregate supply curve shows: a. Changes in output in an economy as the price level changes, holding all other determinants of real GDP constant b. What happens to output in an economy when the government spends more money c.
Sign Up Forgot Password?