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(2 points) The shape of the aggregate supply (AS) curve in the immediate short run is _______ and this reflects _______________. a. Horizontal, excess capacity.
(2 points) The shape of the aggregate supply (AS) curve in the immediate short run is _______ and this reflects _______________. a. Horizontal, excess capacity. b. Vertical, the classical school of thought in economics. c. Horizontal, lack of resources. d. Upward sloping, increasing cost of inputs
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