Multiple Choice
In the short run,the price level
A) will increase if unit costs increase.
B) will increase if average markup decreases.
C) will increase if unit costs decrease.
D) is held constant by government decree.
E) will decrease if there is a negative supply shock.
Correct Answer:

Verified
Correct Answer:
Verified
Q98: Which of the following most accurately describes
Q99: As output increases,a typical firm's unit costs<br>A)
Q100: The equilibrium price level<br>A) determines by how
Q101: ]Which of the following describes what would
Q102: Which of the following would not cause
Q104: If output increases,which of the following would
Q105: A short-run decrease in real GDP will<br>A)
Q106: If autonomous consumption decreases,which of the following
Q107: An increase in the price level will
Q108: A decrease in the price level leads