Multiple Choice
On the long-run aggregate supply curve
A) an increase in the price level increases the aggregate quantity of GDP supplied.
B) an increase in the price level reduces the aggregate quantity of GDP supplied.
C) an increase in the price level has no effect on the aggregate quantity of GDP supplied.
D) an increase in the price level increases the level of potential GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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