Answered: An increase in AD will primarily…

An increase in AD will primarily increase the price level when the economy is on the steep part of the AS curve. Select one: True False

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter15: Fiscal Policy

Section: Chapter Questions

Problem 17SQ

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Question

An increase in AD will primarily increase the
price level when the economy is on the steep
part of the AS curve.
Select one:
True
False

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