Consider an Economy with a Relatively Steep AS Curve

Multiple Choice

Consider an economy with a relatively steep AS curve.If there is a shift to the right in the AD curve,there will be a ________ in the price level and ________ in national output.

A) small increase; a large increase
B) small increase; a large decrease
C) large increase; a small increase
D) large increase; a small decrease
E) large increase; no change