A fall in the price level causes the aggregate supply to _____ in the short run.
A) fall
B) increase
C) fluctuate
D) keep constant
Correct Answer:
Verified
Q50: Starting with AD₁ and AS1 in the
Q51: Keynes's interest-rate effect implies that a lower
Q52: Starting with AD₁ and AS1 in the
Q53: If resources become more productive:
A)neither the short-run
Q54: When factors (other than price level) that
Q56: The Pigou effect implies that:
A)when the price
Q57: The aggregate-supply curve is vertical in the
Q58: Mundell-Fleming's effect implies that a currency depreciation:
A)increases
Q59: The long-run aggregate supply is called:
A)potential output
B)full-employment
Q60: Starting with AD₁ and AS1 in the
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