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If aggregate supply decreases and aggregate demand remains unchanged:

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If aggregate supply decreases and aggregate demand remains unchanged:

If aggregate supply decreases and aggregate demand remains unchanged:
A) there will be a positive relationship between the price level and the level of aggregate output.
B) there will be a negative relationship between the price level and the level of aggregate output.
C) the price level will remain unchanged, but aggregate output will decrease.
D) there will be no systematic relationship between the price level and the level of aggregate output.

Textbook

Principles of Macroeconomics

Edition: 11^th

Authors: Case, Fair, Oster

Read 117 times

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8 years ago

Perfect answer, thank you

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