Moving upward along the short-run aggregate supply curve results in a ________ in the price level and ________ in real GDP.
A) rise; an increase
B) rise; a decrease
C) fall; an increase
D) fall; a decrease

Question

Quizplus · Accepted Answer

In the short-run aggregate supply curve, moving upward indicates an increase in the price level and an increase in real GDP, as firms produce more to meet higher demand at higher prices.

Moving Upward Along the Short-Run Aggregate Supply Curve Results in a ________