Aggregate Supply and Factor Prices Quiz

IllustriousFreeVerse avatar
IllustriousFreeVerse
·

Start Quiz

Study Flashcards

4 Questions

How will an increase in factor prices affect the aggregate supply?

What is the expected change in long run aggregate supply when factor prices increase?

What happens to the long run aggregate supply when factor prices increase?

How does an increase in factor prices impact the aggregate supply in the long run?

Description

Test your knowledge of the relationship between factor prices and aggregate supply with this multiple choice question. Choose the correct options to complete the statement.

Make Your Own Quiz

Transform your notes into a shareable quiz, with AI.

Get started for free
Use Quizgecko on...
Browser
Browser