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Regarding the Aggregate Supply curve (AS), which of the following statements is true? Group of answer choices The AS curve represents the total quantity of
Regarding the Aggregate Supply curve (AS), which of the following statements is true? Group of answer choices
The AS curve represents the total quantity of final goods and services at different price levels.
The AS curve slopes upward because higher prices mean more profits, which means higher quantity demanded.
Anything that decreases business profits shifts AS to the left, and anything that increases business profits shifts it to the right.
All of the above are true.
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