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The Steeper the Short-Run Aggregate Supply Curve,the __________ the Change

Question 101

Multiple Choice

The steeper the short-run aggregate supply curve,the __________ the change in price level and the __________ the change in real Gross Domestic Product for a given shift in the aggregate demand curve.


A) larger; larger
B) larger; smaller
C) smaller; larger
D) smaller; smaller
E) real GDP and the price level are not affected by the shape of the aggregate supply curve

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