C
Cool Hand Bane
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The aggregate supply curve:
A) shows the various amounts of real output that businesses will produce at each price level.
B) is downsloping because real purchasing power increases as the price level falls.
C) contains a vertical range where real output is variable and the price level is constant.
D) is explained by the interest rate, real-balances, and foreign purchases effects
A) shows the various amounts of real output that businesses will produce at each price level.
B) is downsloping because real purchasing power increases as the price level falls.
C) contains a vertical range where real output is variable and the price level is constant.
D) is explained by the interest rate, real-balances, and foreign purchases effects