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a
If Congress passed new laws significantly increasing the regulation of business, this action would tend to: A. Increase per-unit production costs and shift the aggregate supply curve to the left B. Increase per-unit production costs and shift the aggregate demand curve to the left
Administrative lag
The lag between the time the need for fiscal action is recognized and the time action is taken is referred to as the:
immediate-short-run aggregate supply curve
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C
An expansionary fiscal policy can by illustrated by a: A. Leftward shift in the aggregate supply curve B. Rightward shift in the aggregate supply curve C. Upward movement along an aggregate supply curve D. Downward movement along an aggregate supply curve
