In the short run,what will an increase in the price level result in?
A) an increase in the natural rate of output
B) an increase in the profit margins of many producers
C) an increase in output prices relative to input prices
D) an increase in unemployment rates
Correct Answer:
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Q1: What will an increase in the price
Q2: What is the relationship between the level
Q4: What does the long-run aggregate supply relationship
Q5: How does the misperception effect explain why
Q6: When the price level rises,what happens to
Q7: How is the LRAS curve drawn?
A)as a
Q8: What is the typical response of firms
Q9: What effect explains why the short-run aggregate
Q10: If the price level rises,what happens to
Q11: Which of the following best describes the
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