boo6931
boo6931
12.02.2020 • 
Business

A small increase in output that causes a proportionately large increase in the price level indicates that the economy is operating .

a. on the Keynesian zone of the aggregate supply curve.

b. on the neoclassical zone of the aggregate supply curve.

c. between the Keynesian and neoclassical zones of the aggregate supply curve.

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