Author Question: The flatter the aggregate supply curve, the less the amount of government spending necessary to ... (Read 108 times)

bobypop

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The flatter the aggregate supply curve, the less the amount of government spending necessary to close a 1 billion GDP gap.
 a. True
  b. False
  Indicate whether the statement is true or false

Question 2

Which of the following is expected to happen if import restrictions are removed for a particular industry?
 a. Supply will increase
 b. Supply curve will shift to the left
  c. Demand curve will shift to the left
  d. Prices will increase



kkenney

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Answer to Question 1

True

Answer to Question 2

a



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