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Consider the Basic AD/AS Model

Question 32

Multiple Choice

Consider the basic AD/AS model. In the short run, a shift of the aggregate supply curve would lead to a change in real GDP by mostly changing


A) the level of investment.
B) the prices of factors of production.
C) the productivity of capital.
D) the amount of labour employed.
E) the amount of land (natural resources) available to the economy.

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