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For a Given Increase in Aggregate Demand,the Steeper the Short-Run

Question 73

Multiple Choice

For a given increase in aggregate demand,the steeper the short-run aggregate supply curve:


A) the larger the increase in investment expenditure.
B) the smaller the increase in the price level.
C) the smaller the increase in real GDP.
D) the larger the increase in real GDP.
E) the smaller the increase in real interest rate.

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