If the price level rises, what happens to aggregate supply? Aggregate supply _______. A. doesn't change, but the quantity of real GDP supplied increases B. decreases C. increases D. doesn't change, but the quantity of real GDP supplied decreases
If the price level rises, what happens to aggregate supply? Aggregate supply _______. A. doesn't change, but the quantity of real GDP supplied increases B. decreases C. increases D. doesn't change, but the quantity of real GDP supplied decreases
Chapter8: Macroeconomic Equilibrium: Aggregate Demand And Supply
Section: Chapter Questions
Problem 11E
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Question
If the price level rises, what happens to aggregate supply ?
Aggregate supply _______.
A.
doesn't change, but the quantity of real GDP supplied increases
B.
decreases
C.
increases
D.
doesn't change, but the quantity of real GDP supplied decreases
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