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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 Aggregate Supply Curve Is Vertical in the Long-Run
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If the Aggregate Supply Curve Is Vertical in the Long-Run

Question 91

Question 91

True/False

If the aggregate supply curve is vertical in the long-run, then neither monetary nor fiscal policy will affect aggregate output in the long-run.

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