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1.(15 points) Which of the following statements are true? Which are false? Explain (for each statement) 1. The short run aggregate supply curve (SRAS) never

1.(15 points) Which of the following statements are true? Which are false? Explain (for each statement) 1. The short run aggregate supply curve (SRAS) never shifts 2. Stagflation usually results from positive shocks to aggregate demand 3. During the Great Depression the government immediately introduced fiscal stimulus to boost the economy

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