If the price level rises and the money wage rate remains constant, what happens to the quantity of real GDP supplied? Along which aggregate supply curve does the economy move?

What will be an ideal response?

If the price level rises and the money wage rate remains constant the quantity of real GDP supplied increases and the economy moves along the SAS curve.

Economics

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The above table has the balance of the University National Bank. All figures are in millions of dollars. The desired reserve ratio is 20 percent. What would be the total increase in loans at this bank if all excess reserves were loaned out?

A) $528 million B) $352 million C) $232 million D) $0

Economics

Questions of what to produce, how much to produce, and who will get the output must be faced by

a. market economies. b. centrally planned economies. c. the economies of underdeveloped countries. d. all economies.

Economics