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An Increase in Aggregate Demand Will Have the Greatest Short-Run

Question 162

Multiple Choice

An increase in aggregate demand will have the greatest short-run effect on real output if the


A) aggregate demand curve is horizontal
B) aggregate demand curve is vertical
C) aggregate demand curve is horizontal and the short-run aggregate supply curve is vertical
D) short-run aggregate supply curve is vertical
E) short-run aggregate supply curve is horizontal

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