Multiple Choice
Bottlenecks will occur when
A) the output gap is large and the aggregate supply curve is horizontal.
B) the output gap is small and the aggregate supply curve is vertical.
C) the output gap is small and the aggregate supply curve is horizontal.
D) the output gap is large and there is a decrease in aggregate demand.
Correct Answer:
Verified
Correct Answer:
Verified
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Q30: Diagram 1<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8816/.jpg" alt="Diagram 1