Multiple Choice
The upward slope of the aggregate-supply curve in the short run shows that:
A) a fall in the price level raises the overall quantity of goods and services supplied
B) an increase in the price level increases the overall quantity of goods and services demanded
C) a fall in the price level has no effect on the overall quantity of goods and services supplied
D) a fall in the price level reduces the overall quantity of goods and services supplied
Correct Answer:
Verified
Correct Answer:
Verified
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