Elucidate why an upward sloping aggregate supply curve

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Q. Elucidate why an upward sloping aggregate supply curve is thought to weaken the impact of a rightward shift of the aggregate demand curve generated by an increase in government spending in the short run?

Q. Suppose we have two goods. The price of good A is $10 and the price of good B is $15. The income is $30. How would a diagram look like if we construct it with the quantities on the X - and Y-axes. What would be the budget line be

Reference no: EM1349032

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