Multiple Choice
Which of the following is a likely impact of an increase in the price level in an economy on the aggregate supply in the economy?
A) an increase in the quantity of real GDP supplied
B) a decrease in the quantity of real GDP supplied
C) a leftward shift of the aggregate supply curve
D) a rightward shift of the aggregate supply curve
E) an increase in the slope of the aggregate supply curve
Correct Answer:
Verified
Correct Answer:
Verified
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