Along the long-run aggregate supply curve, the level of RGDP supplied ____ with increases in the price level

a. does not change
b. increases
c. decreases slightly
d. decreases dramatically

a

Economics

You might also like to view...

An increase in the discount rate will

A) have an unclear effect on the money supply. B) not affect the money supply. C) decrease the money supply. D) increase the money supply.

Economics

Which of the following statements about the Depository Institutions Deregulation and Monetary Control Act of 1980 is NOT correct?

A) It required all banks to maintain reserve deposits with the Fed. B) It gave member and nonmember banks equivalent access to discount loans. C) It halted the decline in Fed membership. D) It eliminated restrictions on interstate banking for member banks.

Economics