Which of the Following Best Characterizes the Effects of the Flatness

question 163

Multiple Choice

Which of the following best characterizes the effects of the flatness of the short-run aggregate supply curve?  

• A) the flatter the short-run aggregate supply curve, the larger the value of the spending multiplier 
• B) the flatter the short-run aggregate supply curve, the smaller the value of the spending multiplier 
• C) the flatter the short-run aggregate supply curve, the larger the impact of a shift in aggregate demand on the equilibrium price level 
• D) the flatter the short-run aggregate supply curve, the larger the impact of a shift in aggregate demand on the equilibrium output level

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