If the aggregate supply curve is upward sloping,an increase in aggregate demand will cause an increase in output and no change in prices.

Name: If the aggregate supply curve is upward sloping,an increase in aggregate demand will cause an increase in output and no change in prices.
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Quizplus · Accepted Answer

An upward sloping aggregate supply curve means that an increase in aggregate demand will typically cause both output and prices to increase.

If the Aggregate Supply Curve Is Upward Sloping,an Increase in Aggregate