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If Aggregate Supply Is Upward Sloping,an Increase in Aggregate Demand

Question 58

Multiple Choice

If aggregate supply is upward sloping,an increase in aggregate demand will result in:


A) An increase in prices and a decrease in output.
B) An increase in prices and an increase in output.
C) A decrease in prices and a decrease in output.
D) A decrease in prices and an increase in output.

Correct Answer:

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