Suppose we observe rising nominal GDP, a rising price level, and constant unemployment as a result of an increase in aggregate demand. We would conclude that the aggregate supply curve is
A) upward sloping.
B) downward sloping.
C) vertical.
D) horizontal.

Question

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The Answer of Suppose we observe rising nominal GDP, a rising price level, and constant unemployment as a result of an increase in aggregate demand. We would conclude that the aggregate supply curve is
A) upward sloping.
B) downward sloping.
C) vertical.
D) horizontal.

Suppose We Observe Rising Nominal GDP, a Rising Price Level