Multiple Choice
Which of the following statements is false?
A) If the SRAS curve shifts rightward,the price level falls in the short run.
B) If AD rises and SRAS is constant,the price level rises in the short run.
C) If both SRAS and AD decline,Real GDP falls in the short run.
D) If both SRAS and AD increase,the price level necessarily rises in the short run.
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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