Multiple Choice
Given the aggregate demand curve, an increase in the supply of a productive resource will _____
A) increase the output level but leave the price level unchanged.
B) decrease both the output and price levels.
C) increase the price level and decrease the output level.
D) decrease the price level and increase the output level.
E) increase the price level but leave the output level unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
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