Question: Points: 1 1) Consider the AD/AS model. An increase in government purchases will have no impact on equilibrium real GDP if A) the AS curve

Points: 1 1) Consider the AD/AS model. An increase in government purchases will have no impact on equilibrium real GDP if A) the AS curve is horizontal. B) the AS curve slopes upward. () the marginal propensity to spend is very small. D) the simple multiplier is very small. E) the AS curve is vertical

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