Answered: If the price level rises, what will…

If the price level rises, what will happen to aggregate supply curve? It will shift outward. It will shift inward. Nothing. It will get steeper. It will get flatter.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter24: The Aggregate Demand/aggregate Supply Model

Section: Chapter Questions

Problem 54CTQ: Explain why the short-run aggregate supply curve might be fairly flat in the Keynesian zone of the...

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Question

- If the price level rises, what will happen to aggregate supply curve?

	It will shift outward.
	It will shift inward.
	Nothing.
	It will get steeper.
	It will get flatter.

Definition Definition Total supply of goods and services in an economy at a certain price level in a specific time period.

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