The correct answer is c. positive; final goods and services; inputs.

Here's why:

The short-run aggregate supply curve (SRAS) is upward sloping, meaning it has a positive slope. This is because in the short run, as the price level (the prices of final goods and services) increases, firms increase their production to take advantage of higher prices. However, the costs of inputs (like labor and raw materials) often rise more slowly than the prices of the goods and services being sold. This is because many input costs are fixed in the short term, or they may be slow to adjust due to contracts or other factors.

So, as the prices of final goods and services rise, and the prices of inputs rise more slowly, firms find it more profitable to produce more, which is why the SRAS curve slopes upward.

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The correct answer is c. positive; final goods and​ services; inputs.

Here's why:

The short-run aggregate supply curve (SRAS) is upward sloping, meaning it has a positive slope. This is because in the short run, as the price level (the prices of final goods and services) increases, firms increase their production to take advantage of higher prices. However, the costs of inputs (like labor and raw materials) often rise more slowly than the prices of the goods and services being sold. This is because many input costs are fixed in the short term, or they may be slow to adjust due to contracts or other factors.

So, as the prices of final goods and services rise, and the prices of inputs rise more slowly, firms find it more profitable to produce more, which is why the SRAS curve slopes upward.

Knowee AI · Accepted Answer

The correct answer is c. positive; final goods and​ services; inputs.

Here's why:

The short-run aggregate supply curve (SRAS) is upward sloping, meaning it has a positive slope. This is because in the short run, as the price level (the prices of final goods and services) increases, firms increase their production to take advantage of higher prices. However, the costs of inputs (like labor and raw materials) often rise more slowly than the prices of the goods and services being sold. This is because many input costs are fixed in the short term, or they may be slow to adjust due to contracts or other factors.

So, as the prices of final goods and services rise, and the prices of inputs rise more slowly, firms find it more profitable to produce more, which is why the SRAS curve slopes upward.

The short-run aggregate supply curve has a slope because as prices of rise, prices of rise more slowly. a. positive; inputs; final goods and services b. vertical; final goods and services; inputs c. positive; final goods and services; inputs d. vertical; inputs; final goods and services

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