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Given the Aggregate Demand Curve, What Effects Will an Increase

Question 15

Multiple Choice

Given the aggregate demand curve, what effects will an increase in the supply of a productive resource have on output and price level?  


A)  Output will increase, but the price level will remain the same. 
B)  The price level will increase, but output will remain the same. 
C)  The price level will decrease, and output will increase. 
D)  The price level will increase, and output will decrease.

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