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If the short-run aggregate supply curve is horizontal and the long-run aggregate supply curve is vertical, then an increase in velocity _____ output in the

If the short-run aggregate supply curve is horizontal and the long-run aggregate supply curve is vertical, then an increase in velocity _____ output in the short run ______ prices in the long run.

Question 1 Answer

a.

will increase; but will not change

b.

will increase; and will increase

c.

will not change; and will increase

d.

will not change; but will increase

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