When all prices rise together, there is no change in the overall quantity of goods and services supplied.

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When all prices rise together, it is known as inflation. Inflation does not affect the overall quantity of goods and services supplied in the short run, as the economy's production capacity does not change immediately. However, in the long run, inflation can reduce the overall quantity of goods and services supplied due to factors such as decreased investment and productivity.

When All Prices Rise Together, There Is No Change in the Overall