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Reptor Reptor
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5 years ago
According to the new classical approach to the aggregate supply curve, the aggregate supply curve slopes upward because
A) increases in the price level result in lower real money balances.
B) higher current output results in higher desired investment.
C) higher prices result in higher levels of spending as consumers attempt to stay ahead of inflation.
D) businesses have difficulty in distinguishing relative price increases from general price increases.
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Money, Banking, and the Financial System

Money, Banking, and the Financial System


Edition: 3rd
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pepebillypepebilly
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5 years ago
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This calls for a celebration Person Raising Both Hands in Celebration
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Thank you, thank you, thank you!
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Brilliant ツ
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