Author Question: If real GDP increases we know for sure that A) prices have risen but output has remained ... (Read 59 times)

olgavictoria · **on:** Jun 29, 2018

If real GDP increases we know for sure that

A) prices have risen but output has remained constant.
B) output has risen.
C) prices have remained constant.
D) prices have risen.

Question 2

On the long-run aggregate supply curve

A) an increase in the price level reduces the aggregate quantity of GDP supplied.
B) an increase in the price level has no effect on the aggregate quantity of GDP supplied.
C) an increase in the price level increases the level of potential GDP.
D) an increase in the price level increases the aggregate quantity of GDP supplied.