The 'aggregate supply curve' in the short run is typically: MCQ with Answer and Explanation

Question

Share Report Error

The 'aggregate supply curve' in the short run is typically:

A. upward sloping

B. vertical

C. horizontal

D. downward sloping

Answer: Option A

Solution (By JKSSB Mock Tests)

The short-run aggregate supply curve is upward sloping due to sticky wages and prices.

This question belongs to: Economy GK Economy Set 1

Request complete Subject PDF

Discuss this Question (0)

No comments yet. Be the first to start the discussion!

Practice More Economy Set 1 Questions

Question #1

The 'Finance Commission' is appointed every how many years?

A. 6 years

B. 3 years

C. 5 years

D. 10 years

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option C

Explanation:
The Finance Commission is constituted every five years under Article 280.

This question belongs to: Economy GK Economy Set 1

Question #2

Regional Rural Banks are sponsored by:

A. RBI only

B. State governments only

C. NABARD only

D. scheduled commercial banks

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option D

Explanation:
Regional Rural Banks are sponsored by scheduled commercial banks along with central and state governments.

This question belongs to: Economy GK Economy Set 1

Question #3

The 'International Court of Justice' is the principal judicial organ of:

A. United Nations

B. European Union

C. WTO

D. World Bank

View Answer & Solution Discuss

Get Complete Subject PDF for Economy GK

Correct Answer: Option A

Explanation:
The International Court of Justice is the principal judicial organ of the United Nations.

This question belongs to: Economy GK Economy Set 1

Explore All Economy Set 1 MCQs