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5. (2 points) The shape of the aggregate supply (AS) curve in the immediate short run is _______ and this reflects _______________. a. Upward sloping,
5. (2 points) The shape of the aggregate supply (AS) curve in the immediate short run is _______ and this reflects _______________. a. Upward sloping, increasing cost of inputs. b. Horizontal, lack of resources. c. Horizontal, excess capacity. d. Vertical, the classical school of thought in economics
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