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The Steeper the Short-Run Aggregate Supply Curve,_____

Question 16

Multiple Choice

The steeper the short-run aggregate supply curve,_____.


A) the smaller the impact of a shift in aggregate demand on equilibrium output
B) the larger the value of the spending multiplier
C) the larger the impact of a shift in aggregate demand on equilibrium output
D) the smaller the change in government spending needed to achieve the desired change in equilibrium output
E) the flatter the aggregate demand curve

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