When the Short-Run Aggregate Supply Curve Is Steep,then for a Given

Multiple Choice

When the short-run aggregate supply curve is steep,then for a given increase in aggregate demand:

A) the increase in real GDP will be relatively small and the increase in the price level will be relatively large.
B) the increase in real GDP will be relatively large and the increase in the price level will be relatively small.
C) the increase in both real GDP and the price level will be large.
D) the increase in both real GDP and the price level will be small.
E) the decrease in real GDP will be larger than the decrease in the price level.