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Introduction to Macroeconomics

Question 8 • (Galli)WCA 2221 Civics/Economics 1st nine weeks 26-27

Short-term aggregate supply happens in a curve instead of a straight line, because economic changes .

Answer
A
take time
B
happen instantly

Explanation

Short-run aggregate supply is an upward-sloping curve because prices and wages do not all adjust immediately when economic conditions change. As a result, firms may increase production as prices rise before costs fully catch up. So economic changes take time, making A, “take time,” correct.

AI-written and checked against the verified answer.

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