Multiple Choice
Which of these is a likely impact of an increase in the price level in an economy on the aggregate supply in the economy?
A) An increase in the quantity of real GDP supplied
B) A decrease in the quantity of real GDP supplied
C) A leftward shift of the aggregate supply curve
D) A rightward shift of the aggregate supply curve
E) An increase in the slope of the aggregate supply curve
Correct Answer:

Verified
Correct Answer:
Verified
Q4: The figure below shows the aggregate demand
Q5: An example of a stock variable in
Q6: Economists use the price index to eliminate
Q7: The figure below shows the aggregate demand
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Q10: Which of these economic changes was observed
Q11: The concept of "invisible hand" introduced by
Q12: A period of sustained decline in output
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