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A Change in Government Spending Can Close an Expansionary Gap

question 105

True/False

A change in government spending can close an expansionary gap by shifting the short-run aggregate supply curve.


Definitions:

New Toy

A recently acquired or unveiled item intended for play or amusement.

Grimaces

Facial expressions often conveying disapproval, pain, or discomfort.

Screams

High-pitched, loud vocalizations that are typically a response to fear, excitement, or surprise.

Temperament

A person's natural temperament or way of behaving and typical emotional reaction.

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