When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, which of the following curves slopes downward?
a. (i) SRAS
b. (ii) AD
c. (iii) LRAS
d. None of (i), (ii), and (iii)
Answer: B
When plotted with the aggregate price level on the vertical axis and output on the horizontal axis, which of the following curves slopes downward?
a. (i) SRAS
b. (ii) AD
c. (iii) LRAS
d. None of (i), (ii), and (iii)
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