Which of the following is the result of the price level increasing while resource costs remain constant?
A)A movement up the aggregate supply curve.
B)A movement down the aggregate supply curve.
C)A shift to the right of the aggregate supply curve.
D)A shift to the left of the aggregate supply curve.
E)A shift to the right of the long-run aggregate supply curve.

Question

Quizplus · Accepted Answer

When the price level increases while resource costs remain constant, it results in a movement up along the aggregate supply curve. This is because producers are willing to supply more at higher prices when their costs do not increase.

Which of the Following Is the Result of the Price