Multiple Choice
The horizontal shape of the immediate short run aggregate supply implies that:
A) the total amount of output in the economy depends only on the general price level.
B) the total amount of output in the economy depends only on the volume of spending.
C) the total amount of output in the economy is fixed.
D) the total amount of spending depends on the price of inputs.
Correct Answer:
Verified
Correct Answer:
Verified
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