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17. Aggregate Demand and Aggregate Supply Analysis
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17. Aggregate Demand and Aggregate Supply Analysis
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17. Aggregate Demand and Aggregate Supply Analysis / Short Run Aggregate Supply / Problem 8
Problem 8
Which of the following best describes the shape of the short run aggregate supply curve compared to the market supply curve?
A
Both curves are upward sloping, indicating higher prices lead to higher supply.
B
Both curves are horizontal, indicating prices do not affect supply.
C
The SRAS curve is downward sloping, while the market supply curve is upward sloping.
D
The SRAS curve is vertical, while the market supply curve is horizontal.
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