Other Things Equal, the Steeper the Aggregate Supply Curve, the

Multiple Choice

Other things equal, the steeper the aggregate supply curve, the

A) greater the expansionary effect of an increase in aggregate demand.
B) smaller the inflationary effect of an increase in aggregate demand.
C) smaller the recessionary effect of a decrease in aggregate demand.
D) greater the expansionary effect of a decrease in aggregate demand.
E) smaller the recessionary effect of an increase in aggregate demand.