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    Macroeconomics Study Set 68
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    Exam 12: Aggregate Demand and Aggregate Supply
  5. Question
    The Shape of the Short-Run Aggregate Supply Curve Indicates That
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The Shape of the Short-Run Aggregate Supply Curve Indicates That

Question 259

Question 259

True/False

The shape of the short-run aggregate supply curve indicates that as the general price level rises,
output will expand but not by much when the economy reaches full employment.

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