eco self check 12 - 1 An increase in imports(independent of a change in the U.S price level will increase both U.S aggregate supply and U.S aggregate

eco self check 12 - 1 An increase in imports(independent of...

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______ 1. An increase in imports (independent of a change in the U.S. price level) willincreaseboth U.S. aggregate supply and U.S. aggregate demand.______ 2. An increase in business excise taxes will shift the aggregate supply curve to the left.______ 3. The price level in the United States is more flexible upward than downward.______ 4. In the immediate short run, both input and output prices are fixed.______ 5. The equilibrium price level and equilibrium level of real GDP occur at the

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