The Shape of the Immediate-Short-Run Aggregate Supply Curve Implies That

question 71

Multiple Choice

The shape of the immediate-short-run aggregate supply curve implies that

• A) total output depends on the volume of spending.
• B) increases in aggregate demand are inflationary.
• C) output prices are flexible, but input prices are not.
• D) government cannot bring an economy out of a recession by increasing spending.

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