Other things being equal,the steeper the AS curve for the economy,the
A) larger the impact on real output from any given increase in the money supply.
B) more sensitive the aggregate expenditure function to changes in the interest rate.
C) larger the impact on the price level from any given increase in the money supply.
D) less sensitive the aggregate expenditure function to changes in the interest rate.
E) smaller the impact on the price level from any given increase in the money supply.
Correct Answer:
Verified
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