When the short-run aggregate supply curve is steep, then for a given increase in aggregate demand:
a. the increase in real GDP will be relatively small and the increase in the price level will be relatively large.
b. the increase in real GDP will be relatively large and the increase in the price level will be relatively small.
c. the increase in both real GDP and the price level will be large

d. the increase in both real GDP and the price level will be small.
e. the decrease in real GDP will be larger than the decrease in the price level.


a

Economics

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A bank has total assets of $2,000,000 and capital of $150,000. The bank's leverage ratio is

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US trade deficit arises from trade in manufactured goods with countries where US has ___ trade agreement in place

A. unregulated B. unratified C. few D. no

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