Moving upward along the SAS results in a in the price level and in real GDP.

Name: Moving upward along the SAS results in a in the price level and in real GDP.
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Question

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Moving upward along the SAS curve leads to a rise in the price level and an increase in real GDP. This occurs because as the price level increases, firms are willing to produce more output due to the higher profits they can earn. This leads to an increase in real GDP.

Moving Upward Along the SAS Results in a in the Price