Aggregate supply curves are ________________________ for low levels of output, and ____________________________ for high levels of output.
A. relatively flat; remain flat
B. relatively steep; remain steep
C. relatively flat; relatively steep
D. relatively steep; relatively flat
Answer:C
Aggregate supply curves are ________________________ for low levels of output, and ____________________________ for high levels of output.
A. relatively flat; remain flat B. relatively steep; remain steep C. relatively flat; relatively steep D. relatively steep; relatively flat
Explanation: Type: Multiple Choice