The portion of the short-run aggregate supply that reflects the economy's resources are not fully employed is the:
A) vertical portion.
B) horizontal portion.
C) upward sloping portion.
D) none of the above.
Correct Answer:
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Q26: Contractionary fiscal policy should be used if:
A)aggregate
Q27: A decrease in resources,efficiency,or technology will shift
Q28: Contractionary monetary policy should be used if:
A)aggregate
Q29: An increase in production costs will shift
Q30: An increase in the price level will
Q32: Expansionary fiscal policy should be used if:
A)aggregate
Q33: The full-employment level of output is called:
A)aggregate
Q34: Expansionary monetary policy should be used if:
A)aggregate
Q35: At a given price level,an increase in
Q36: An income tax system where higher tax
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