Multiple Choice
The steeper the short-run aggregate supply curve,_____.
A) the steeper the aggregate demand curve
B) the larger the value of the spending multiplier
C) the larger the budget surplus
D) the larger the impact of a shift in aggregate demand on the equilibrium price level
E) the larger the impact of a shift in aggregate demand on the equilibrium output level
Correct Answer:
Verified
Correct Answer:
Verified
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