Multiple Choice
An increase in the aggregate price level will increase:
A) short-run aggregate supply.
B) the quantity of aggregate output supplied in the short run.
C) aggregate demand.
D) the quantity of aggregate output demanded.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: As an inflationary gap self-corrects, the equilibrium
Q23: The aggregate supply curve shows the relationship
Q24: When short-run aggregate supply decreases, it means
Q25: The economy is self-correcting in the long
Q26: The short-run aggregate supply curve will shift
Q28: Assuming that prices remain constant, suppose that
Q29: According to the aggregate demand curve, when
Q30: If Nike sells basketball shoes for $150
Q31: The aggregate demand curve slopes:<br>A) downward for
Q32: Use the following to answer questions:<br>Figure: Policy