The immediate-short-run aggregate supply curve represents circumstances where:
a. both input and output prices are fixed.b. both input and output prices are flexible.c. input prices are fixed, but output prices are flexible.d. input prices are flexible, but output prices are fixed.

Question

The immediate-short-run aggregate supply curve represents circumstances where:
a. both input and output prices are fixed.b. both input and output prices are flexible.c. input prices are fixed, but output prices are flexible.d. input prices are flexible, but output prices are fixed.

The immediate-short-run aggregate supply curve represents circumstances where:

a. both input and output prices are fixed.
b. both input and output prices are flexible.
c. input prices are fixed, but output prices are flexible.
d. input prices are flexible, but output prices are fixed.

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The immediate-short-run aggregate supply curve represents circumstances where: a. both input and output prices are fixed.b. both input and output prices are flexible.c. input prices are fixed, but output prices are flexible.d. input prices are flexible, but output prices are fixed.