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vellojo vellojo
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7 years ago
With a steep short-run aggregate supply curve,
A) an increase in government expenditure will not have an impact on the price level.
B) an increase in taxes that does not change potential GDP will not decrease real GDP by much.
C) there is a large change in real GDP whenever the price level rises.
D) fiscal policy will be an effective tool to reduce unemployment without raising prices too much.
Textbook 
Foundations of Macroeconomics

Foundations of Macroeconomics


Edition: 8th
Authors:
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Studying economics @ Edinburgh U
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ukraniaukrania
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7 years ago
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vellojo Author
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#2
7 years ago
I went through a flood of websites until I signed up here lol Glad I did
Studying economics @ Edinburgh U
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#3
7 years ago
Thanks Upwards Arrow
Dream it. Person Raising Both Hands in Celebration
Wish it. Person Raising Both Hands in Celebration
Do it. Person Raising Both Hands in Celebration
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