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The short-run aggregate supply curve is upward sloping for all of the following reasons except A) some firms adjust their markup in response to an increase in demand. B) some firms adjust their production in response to an increase in demand. C) some markets are posted-price markets. D) all inputs are fully utilized in the short run.

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Related questions

The short-run aggregate supply curve slopes upward because of all of the following reasons except:

A. in the short run, prices of final goods and services adjust slowly due to the existence of menu costs.

B. in the short run, an unexpected change in the price of an important resource can change the cost to firms.

C. in the short run, as prices of final goods and services increase, input prices react more slowly.

D. in the short run, as prices of final goods and services increase, some firms are very slow to adjust their prices, thus their sales increase.

The short-run aggregate supply curve slopes upward because of all of the following reasons except
a. in the short run, as prices of final goods and services increase, some firms are very slow to adjust their prices, thus their sales increase.
b. in the short run, an unexpected change in the price of an important resource can change the cost to firms.
c. in the short run, as prices of final goods and services increase, input prices react more slowly.
d. in the short run, prices of final goods and services adjust slowly due to the existence of menu costs.

1. If the price level doubles and the real output doesn't change, then nominal output also doubles.
2. Inflation makes it less difficult to interpret the information conveyed by prices.

3. Laissez-faire economists oppose government intervention in the market process.

4. Active demand management policies are based on the work of JohnMaynard Keynes.

5. In the AS/AD model, as the price level rises, the real value of assets increases, causing consumption to increase. This is one reason why the aggregate demand curve slopes down.

6. The short-run aggregate supply curve is upward sloping in part because increases in aggregate demand cause some firms to increase their price markups.

7. If productivity and wages both raises by 3 percent, then the short-run aggregate supply curve does not shift.

8. The long-run aggregate supply curve is vertical because all prices adjust in the long run.

9. If the economy is not in long-run equilibrium and other things are equal, then prices will eventually adjust to bring the economy to long-run equilibrium.

10. Most economists agree that it is possible for fiscal policy to fine-tune the economy.

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