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Other things remaining the same, an increase in the price level

Loraine

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Other things remaining the same, an increase in the price level

Other things remaining the same, an increase in the price level
A) increases aggregate supply.
B) decreases aggregate supply.
C) increases the quantity of real GDP supplied.
D) decreases the quantity of real GDP supplied.
E) neither changes aggregate supply nor changes the quantity of real GDP supplied.

Textbook

Essential Foundations of Economics

Essential Foundations of Economics

Edition: 7^th

Authors: Bade, Parkin

Read 141 times

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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.

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Sydnie

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Sydnie

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#2

9 years ago

I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile

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