• 2022-06-07
    If an increase in aggregate demand causes prices to increase slightly but output to increase significantly, then
    A: the AS-curve must be very flat
    B: the AD-curve must be very steep
    C: the AD- and AS-curves must both be very steep
    D: we must be looking at the very long-run AD-AS model
    E: we must be looking at the very short-run AD-AS model