Answer:
As the price level rises, firms expand their production because they can sell their output for more money.
Explanation:
As the price level rises, supply increases as firms expand production to increase profits. And as price level falls, supply falls as firm reduce production. For this reason the short-run aggregate supply curve slopes upward.
Please find attached a graph showing the short-run aggregate supply curve
Answer:
Thailand
Ireland
c
Explanation:
Thailand has the highest annual growth rate so it is fastest economy to grow in rela income per person form 1960 to 2010 that is 4.91%
Irleand has the highest real income per person in year 2010 that is $41,558
Ireland, Pakistan and Thailand had lower real income per person than Finland in 1960 but only Ireland had higher real income per person than Finland in 2010.
I’m sure that it’s true you nerd
