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Other Things Equal, the Steeper the Aggregate Supply Curve, the

Question 15

Multiple Choice
Other things equal, the steeper the aggregate supply curve, the
A) greater the expansionary effect of an increase in aggregate demand.
B) smaller the inflationary effect of an increase in aggregate demand.
C) smaller the recessionary effect of a decrease in aggregate demand.
D) greater the expansionary effect of a decrease in aggregate demand.
E) smaller the recessionary effect of an increase in aggregate demand.

Other things equal, the steeper the aggregate supply curve, the


A) greater the expansionary effect of an increase in aggregate demand.
B) smaller the inflationary effect of an increase in aggregate demand.
C) smaller the recessionary effect of a decrease in aggregate demand.
D) greater the expansionary effect of a decrease in aggregate demand.
E) smaller the recessionary effect of an increase in aggregate demand.

Correct Answer:

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