Due to inflationary pressures the national income of, Ask an Expert

Economics

Due to inflationary pressures, the national income of households has been spread across a higher overall price base for goods and services. How will this affect be shown in an AD/ASAD/AS model?

a) nearly vertical AS slope at the far right

b) a downward sloping AD curve

c) a downward sloping AS curve

d) nearly horizontal AD curve at the far left

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M92008852

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