(1) Why does the supply curve slope upward?

(2) What is the shape of the aggregate supply curve?

(3) This aggregate supply curve is of fundamental importance to the macroeconomic policy conclusions often drawn from the rational expectations hypothesis.

(4) Referring back to the aggregate supply curve derivation in Fig. 10-5, it is that is usually attributed to the Keynesians.

(5) What happens to the supply curve when each of these determinants changes?

(6) With the downward-sloping supply curve, higher interest rates lead to lower demand and lower supply.

(7) Graphically, the intersection of the supply curve and the demand curve for the product will indicate the equilibrium point.

(8) As more firms enter an industry, the supply curve will shift to the right.

(9) In the extreme case where the aggregate supply curve is vertical, the increased money supply will simply lead to higher prices.

(10) With the upward-sloping supply curve, higher demand leads to higher interest rates and higher supply.

(11) The aggregate supply curve slope can be explained along rational expectations lines due to misperceptions of prices.

(12) A monopolistic market has no supply curve.

(13) Note also that this definition of a supply curve holds for both short - run and - run supply curves.

(14) The supply curve shows the extra costs of producing successive units of the product because it indicates the lowest possible price at which some producer would be willing to supply each unit.

(15) Graphically[], individual supply curves are summed horizontally to obtain the market supply curve.

(16) Historically, the supply curve of hours has followed this configuration.

(17) In China, the supply curve of labor is moving right, and the demand curve is immovable. In new equilibrium quantity, real wages is lower, employment quantity is increase.

(18) A shift in the supply curve, either to the left or right.

(19) The supply curve will also shift out due to improvements in technology.

(20) If, however, the authorities were to control interest rates, the supply curve might become downward sloping.

(21) If any of these nonprice determinants of supply do in fact change, the location of the supply curve will be altered.

(22) The equivalent value for women suggests a positively sloped aggregate labour supply curve.

(23) A change in supply is involved when the entire supply curve shifts.

(24) As noted above, there can be exceptions to the vertical aggregate supply curve when changes are unanticipated.

(25) By polluting, that is, by creating spillover costs, the firm enjoys lower production costs and the supply curve 5.

(26) What are the determinants of supply? What happens to the supply curve when each of these determinants changes?

(27) This means that as firms leave an industry. the supply curve will shift to the left.

(28) In the normal diagram, a shift of the demand curve causes a movement along the supply curve.

(29) Banks will merely supply whatever is demanded: in this case the supply curve is the same as the demand curve.

(30) The thesis constructs an employment decision model based on a downward-sloping labor supply curve, and parses a type employment called by the author as "expenditure-constraint-causing unemployment".

(31) The degree a demand or supply curve reacts a change in price is the curve's elasticity.

(32) Figure 5.11 illustrates the same point for the case in which external economies affecting marginal cost curves are sufficiently important to yield a negatively sloping supply curve to the industry.

(33) This means that MC' is no longer the relevant marginal cost curve of firm 1 or the relevant supply curve of firm 1.

(34) In perfect competition, the market supply curve is determined by marginal cost.

(35) It is important for the analysis that follows to note that the individual firm's supply curve is the same as its marginal cost curve.

(36) Producer Surplus is the area above the supply curve and below the price line.

(37) The portion of the marginal-cost curve that lies above average variable cost is the competitive firm's short-run supply curve.

(38) Because of its favourable mining and processing costs, it will achieve nickel production costs in the lowest quartile of the world nickel supply curve.

(39) Without production, supply curve is no longer the marginal cost curve.