Multiple Choice
Suppose the economy is on the intermediate range of the aggregate supply curve.Which of the following would reduce both real GDP and the price level?
A) A decrease in aggregate supply.
B) An increase in aggregate supply.
C) A decrease in aggregate demand.
D) An increase in aggregate demand.
Correct Answer:
Verified
Correct Answer:
Verified
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Q118: Exhibit 14-4 Aggregate supply and demand curves<br>