Multiple Choice
A change in government purchases has the greatest effect on the economy in the short run when _____.
A) the aggregate demand curve is relatively flat.
B) the aggregate demand curve is relatively steep.
C) the short-run aggregate supply curve is relatively flat.
D) the aggregate demand curve is vertical.
E) the short-run aggregate supply curve is vertical.
Correct Answer:
Verified
Correct Answer:
Verified
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