The vertical portion of the aggregate supply curve shows, Microeconomics

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The vertical portion of the aggregate supply curve shows

The vertical portion of the aggregate supply curve shows that at full employment an increase in the price level will:

1. Improve the overall efficiency of resource use.

2. Increase the economy's full-employment real GDP.

3. Not alter the economy's full-employment real GDP.

4. Reduce the quantity of goods and services purchasers will demand.

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Microeconomics: The vertical portion of the aggregate supply curve shows

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Microeconomics: The vertical portion of the aggregate supply curve shows

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