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AT&T LTE 10:03 PM * 75% ■ Question Why does the aggregate supply curve become very steep at high levels of real GDP? Most producers are monopolists and A wl charge as high a price as possible. Producers produce a fixed amount of goods no matter what the price is. B At very high levels of production, capacity constraints become severe and more spending can only lead to higher prices. Real GDP is unrelated to spending decisions in the short run. 2 attempts left.
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