The aggregate supply curve is horizontal in the intermediate range.
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Q171: Stagflation means a simultaneous decrease in the
Q172: The aggregate supply curve is vertical in
Q173: The interest-rate effect is the impact on
Q174: The real balances effect is caused by
Q175: The aggregate demand curve shifts due to
Q177: An increase in the per unit costs
Q178: The Keynesian range of the aggregate supply
Q179: The net exports effect is the direct
Q180: The classical economists believe that prices and
Q181: Excessive government spending can cause demand-pull inflation.
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