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Questions

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CUET

A perfectly elastic aggregate supply curve implies that: (A) There is fuller utilization of resources in the economy. (B) There is unemployment of resources in the economy. (C) There is excess capacity in the economy. (D) Aggregate demand is less in the economy. Choose the correct answer from the options given below: 1. (A), (B) and (D) only 2. (B), (C) and (D) only 3. (A) and (D) only 4. (A) and (C) only