Multiple Choice
If the price level falls, what will happen to the aggregate supply curve?
A) It will shift outward.
B) It will shift inward.
C) Nothing.
D) It will get steeper.
E) It will get flatter.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q169: If resource prices are fixed and the
Q170: To calculate a firm's per unit of
Q171: When equilibrium GDP is below potential GDP,
Q172: As the slope of the aggregate supply
Q173: Aggregate supply grows over time because of
Q175: College graduates looking for jobs were less
Q176: The model of aggregate demand and aggregate
Q177: Inflation reduces the multiplier effect by reducing
Q178: The example of an inflationary gap in
Q179: In the mid-1970s, the price of oil