Other things equal, an increase in aggregate supply will cause:
a. a decrease in equilibrium real GDP and a decrease in the equilibrium price level.
b. an economic contraction.
c. an increase in equilibrium real GDP and an increase in the equilibrium price level.
d. cost-push inflation.
e. a reduction in unemployment and a decline in inflation.
e
Economics
You might also like to view...
Stock options have been shown to not align the work of the CEO with the interests of shareholders
Indicate whether the statement is true or false
Economics
The United States is guilty of dumping on the international market because of the
A. superior technology. B. high availability of capital. C. highly educated workforce. D. agricultural subsidies.
Economics