If the price level rises,what will happen to the quantity of real GDP produced along the long-run aggregate supply curve?
A)It will increase.
B)It will stay the same.
C)It will usually increase, but not always.
D)It will decrease.

Question

Quizplus · Accepted Answer

The long-run aggregate supply curve is vertical, which means that it represents the potential output of the economy regardless of price level changes. Therefore, the quantity of real GDP produced along the long-run aggregate supply curve will stay the same even if the price level rises.

If the Price Level Rises,what Will Happen to the Quantity