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    Economics Study Set 7
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    Exam 11: Macroeconomic Equilibrium: Aggregate Demand and Supply
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    The Main Reason Why the Short-Run Aggregate Supply Curve Slopes
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The Main Reason Why the Short-Run Aggregate Supply Curve Slopes

Question 37

Question 37

True/False

The main reason why the short-run aggregate supply curve slopes upward is that as the average price level increases, larger scales of production become more profitable.

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