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    Principles of Macroeconomics Study Set 12
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    Exam 12: Policy Effects and Cost Shocks in the Asad Model
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    If the Long-Run Aggregate Supply Curve Is Vertical, Fiscal Policy
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If the Long-Run Aggregate Supply Curve Is Vertical, Fiscal Policy

Question 18

Question 18

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If the long-run aggregate supply curve is vertical, fiscal policy will have no effect on output.

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