Multiple Choice
If producers have imperfect information about the general price level and sometimes misinterpret changes in the general price level as changes in relative prices,then
A) the short-run aggregate supply curve is vertical.
B) the short-run aggregate supply curve slopes upward.
C) the aggregate demand curve is vertical.
D) the aggregate demand curve is horizontal.
Correct Answer:
Verified
Correct Answer:
Verified
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