Aggregate supply (AS) denotes the relationship between the __________________ that firms choose to produce and sell and the _________________, holding the price of inputs fixed.
A. total quantity; price level for output
B. type of goods; input price of raw materials
C. price of goods; number of employees
D. total inputs; types of goods
Answer:A
Aggregate supply (AS) denotes the relationship between the __________________ that firms choose to produce and sell and the _________________, holding the price of inputs fixed.
A. total quantity; price level for output B. type of goods; input price of raw materials C. price of goods; number of employees D. total inputs; types of goods
Explanation: Type: Multiple Choice