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    Macroeconomics Study Set 7
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    Exam 8: Macroeconomic Equilibrium: Aggregate Demand and Supply
  5. Question
    The Steeper the Slope of the Aggregate Supply Curve in the Long
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The Steeper the Slope of the Aggregate Supply Curve in the Long

Question 33

Question 33

True/False

The steeper the slope of the aggregate supply curve in the long run indicates that an increase in aggregate demand will cause an increase in the price level and an even greater increase in output in the long run.

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