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The _____ Aggregate Supply Curve Assumed by Classical Economists Means

Question 12

Multiple Choice

The _____ aggregate supply curve assumed by classical economists means that the equilibrium level of _____ is determined only by the aggregate supply curve.


A) vertical;output
B) horizontal;price
C) upward-sloping;price
D) horizontal;output
E) downward-sloping;price

Correct Answer:

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