The intermediate range of the aggregate supply curve is the portion where:
a. The average price level and real GDP do not change with movements in aggregate demand.
b. Real GDP does not change with movements of aggregate demand, but the average price level does change.
c. The average price level does not change with movements of aggregate demand, but real GDP does.
d. The average price level and real GDP change with movements in aggregate demand.
.D
Economics
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A change in input prices has no impact on a firm’s budget line.
Answer the following statement true (T) or false (F)
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