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    Economics for Business
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    Exam 29: Business Activity, Employment and Inflation
  5. Question
    If There Is a General Rise in Demand in the Economy
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If There Is a General Rise in Demand in the Economy

Question 13

Question 13

True/False

If there is a general rise in demand in the economy, but firms assume that their cost curves are given, then the aggregate supply curve will be upward- sloping.

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