The aggregate supply curve is a. relatively flat at low levels of output. b. generally flatter as the level of resource use rises. c. never vertical, even at full employment. d. relatively steep at low levels of outpu
The aggregate supply curve is a. relatively flat at low levels of output. b. generally flatter as the level of resource use rises. c. never vertical, even at full employment. d. relatively steep at low levels of outpu
Chapter14: Aggregate Demand And Supply
Section: Chapter Questions
Problem 6SQP
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Question
The aggregate supply curve is
a. |
relatively flat at low levels of output.
|
|
b. |
generally flatter as the level of resource use rises.
|
|
c. |
never vertical, even at full employment.
|
|
d. |
relatively steep at low levels of outpu
|
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