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Author Question: If the economy is operating on the relatively vertical segment of the aggregate supply curve, an ... (Read 57 times)

jeatrice

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on: Apr 19, 2019

Question 1

When the aggregate supply curve is vertical, which of the following is 
not true?


◦ The economy is at capacity.
◦ The economy is producing the maximum sustainable level of output.
◦ Any increase in the price level will not cause an increase in aggregate output.
◦ The economy is expanding quickly.

Question 2

If the economy is operating on the relatively vertical segment of the aggregate supply curve, an increase in aggregate demand causes a ________ change in the price level and a ________ change in output.


◦ small; small
◦ big; big
◦ big; small
◦ small; big
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by jeatrice on Apr 19, 2019

jesse.fleming

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jeatrice

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Reply #2 on: Apr 19, 2019
TY


jesse.fleming

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Reply #3 on: Apr 19, 2019
You're welcome


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