An increase in government spending would affect GDP if ? the long-run aggregate supply is vertical the short-run aggregate supply is vertical the short-run aggregate supply is upward sloping the short-run aggregate supply is horizontal
An increase in government spending would affect GDP if ? the long-run aggregate supply is vertical the short-run aggregate supply is vertical the short-run aggregate supply is upward sloping the short-run aggregate supply is horizontal
Chapter20: Aggregate Demand And Supply
Section20.A: The Self Correcting Aggregate Demand And Supply Model
Problem 3SQ
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Question
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An increase in government spending would affect
GDP if ?-
the long-run
aggregate supply is vertical -
the short-run aggregate supply is vertical
-
the short-run aggregate supply is upward sloping
-
the short-run aggregate supply is horizontal
-
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