Expansionary policy is used to fix an expansionary gap

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Reference no: EM13733584

True or False

1. Expansionary policy is used to fix an expansionary gap

2. If US prices are relatively high, the quantity of US goods demanded is high, aote

3. The short-run AS curve overall has a positive slope in part because of the misperceptions

4. Improvements in technology would be likely to shift the AS curve to the left

5. Wages and prices are particularly flexible in the downward direction

Reference no: EM13733584

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