In the long run, a decrease in the price level:
A)leaves output prices unchanged relative to input prices.
B)decreases the profit margins of many producers.
C)decreases RGDP supplied.
D)Does none of the above

Question

In the long run, a decrease in the price level:
A)​leaves output prices unchanged relative to input prices.
B)​decreases the profit margins of many producers.
C)​decreases RGDP supplied.
D)​Does none of the above

Quizplus · Accepted Answer

The Answer of In the long run, a decrease in the price level:
A)​leaves output prices unchanged relative to input prices.
B)​decreases the profit margins of many producers.
C)​decreases RGDP supplied.
D)​Does none of the above

In the Long Run, a Decrease in the Price Level