With a cost shock, a large decrease in output relative to the increase in the price level would occur if the ________ curve is relatively ________.
A) AS; flat
B) AS; steep
C) AD; flat
D) AD; steep

Question

Quizplus · Accepted Answer

The Answer of With a cost shock, a large decrease in output relative to the increase in the price level would occur if the ________ curve is relatively ________.
A) AS; flat
B) AS; steep
C) AD; flat
D) AD; steep

With a Cost Shock, a Large Decrease in Output Relative