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Lighting2551 Lighting2551
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5 years ago

Question 1.

If wages quickly adjust to price changes, the aggregate supply curve quickly becomes vertical.



▸ true

▸ false

Question 2.

If equilibria below potential output are self-correcting, the economy will spend a great deal of time on the horizontal part of the aggregate supply curve.



▸ true

▸ false
Textbook 
Principles of Economics

Principles of Economics


Edition: 12th
Authors:
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GparkerGparker
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