Author Question: The steeper the short-run aggregate supply curve, _____. a. the steeper the aggregate demand curve ... (Read 111 times)

a0266361136 · **on:** Jun 30, 2018

The steeper the short-run aggregate supply curve, _____.
a. the steeper the aggregate demand curve
b. the larger the value of the spending multiplier
c. the larger the budget surplus
d. the larger the impact of a shift in aggregate demand on the equilibrium price level
e. the larger the impact of a shift in aggregate demand on the equilibrium output level

Question 2

The final market value of a good is _____.
a. the sum of the value added at all stages of production
b. the value added at one stage of production
c. greater than the sum of all the values added at all stages of production
d. less than the sum of all the values added at all stages of production
e. the value added at the final stage of production