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zhannawk [14.2K]
3 years ago
11

The misperceptions theory of the short-run aggregate supply curve says that the quantity of output supplied will increase if the

price level
a. increases by more than expected so that firms believe the relative price of their output has decreased.
b. increases by less than expected so that firms believe the relative price of their output has decreased.
c. increases by less than expected so that firms believe the relative price of their output has increased.
d. increases by more than expected so that firms believe the relative price of their output has increased.
Business
1 answer:
Illusion [34]3 years ago
3 0

Answer:

Option C is correct

Explanation:

This means an increase in actual price would make quantity aggregate supply curve to shift to the right.

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Answer:

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Explanation:

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The given statements are about monopolistic competition. Indicate whether each statement is true or false. A monopolistically co
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Answer:

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Explanation:

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Read 2 more answers
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Answer: Check attachment

Explanation:

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For accrual basis income statement, revenue and expenditures are recorded when they're either earned or made.

Check the attachment for more analysis.

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