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The horizontal shape of the immediate short run aggregate supply implies that: Multiple Choice the total amount of output in the economy depends only on
The horizontal shape of the immediate short run aggregate supply implies that: Multiple Choice the total amount of output in the economy depends only on the general price level. the total amount of spending depends on the price of inputs. the total amount of output in the economy depends only on the volume of spending. the total amount of output in the economy is fixed
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Microeconomics Theory and Applications
Authors: Edgar K. Browning, Mark A. Zupan
12th edition
9781118920060, 1118758870, 1118920066, 978-1118758878
