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Questions and Answers
How will an increase in factor prices affect the aggregate supply?
How will an increase in factor prices affect the aggregate supply?
- Fluctuate
- Remain unchanged
- Increase
- Decrease (correct)
What is the expected change in long run aggregate supply when factor prices increase?
What is the expected change in long run aggregate supply when factor prices increase?
- Fluctuate
- Remain unchanged (correct)
- Decrease
- Increase
What happens to the long run aggregate supply when factor prices increase?
What happens to the long run aggregate supply when factor prices increase?
- Remain unchanged (correct)
- Decrease
- Increase
- Fluctuate
How does an increase in factor prices impact the aggregate supply in the long run?
How does an increase in factor prices impact the aggregate supply in the long run?
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