With a cost shock, a small 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

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The Answer of With a cost shock, a small 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 Small Decrease in Output Relative