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    Exam 8: Modelling Real Gdp and the Price Level in the Short Run
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    The ________ Between the Short-Run Aggregate Supply Function and the Price
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The ________ Between the Short-Run Aggregate Supply Function and the Price

Question 77

Question 77

Multiple Choice

The ________ between the short-run aggregate supply function and the price level suggests that,in the short run,firms produce more output as the price levels rises.


A) negative relationship
B) positive relationship
C) inverse relationship
D) demand relationship

Correct Answer:

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