Multiple Choice
When AD curve is curved line,this indicates
A) a given decline in the price level will boost real GDP more when the price level is low than when the price level is high.
B) a given decline in the price level will boost real GDP less when the price level is low then when the price level is high.
C) a given change in the price level will have no effect on real GDP.
D) that SAS and LAS curves are horizontal
Correct Answer:
Verified
Correct Answer:
Verified
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Q87: Figure 7-5<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2645/.jpg" alt="Figure 7-5
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