Economics 9708 · AS & A Level · Economic growth

Economic growth — practice question

Which option correctly states the information needed to draw a graph of a normal short-run aggregate supply curve (SRAS) with accurate labels?

  • Agradient of the SRAS curve: negative; horizontal x-axis: quantity; vertical y-axis: price level
  • Bgradient of the SRAS curve: positive; horizontal x-axis: real output; vertical y-axis: price level
  • Cgradient of the SRAS curve: positive; horizontal x-axis: real output; vertical y-axis: price
  • Dgradient of the SRAS curve: positive; horizontal x-axis: price level; vertical y-axis: real output

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