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  3. Study Set
    Principles of Macroeconomics Study Set 12
  4. Exam
    Exam 11: The Determination of Aggregate Output, the Price Level, and the Interest Rate
  5. Question
    When the Aggregate Supply Curve Is ________ Any Increase in the Price
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When the Aggregate Supply Curve Is ________ Any Increase in the Price

Question 115

Question 115

Multiple Choice

When the aggregate supply curve is ________ any increase in the price level will not cause an increase in aggregate output.


A) horizontal
B) vertical
C) upward sloping
D) downward sloping

Correct Answer:

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