Multiple Choice
Moving along the AS curve, when the price level increases, the
A) real wage rate rises, and there is a decrease in the quantity of real GDP supplied.
B) nominal wage rate rises, and there is a decrease in the quantity of real GDP supplied.
C) real wage rate falls, and there is an increase in the quantity of real GDP supplied.
D) real wage rate rises, and there is an increase in the quantity of real GDP supplied.
E) nominal wage rate falls, and there is an increase in the quantity of real GDP supplied.
Correct Answer:

Verified
Correct Answer:
Verified
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