An increase in the price level will: a. increase the quantity of ...

[audragclark]

An increase in the price level will:
 a. increase the quantity of RGDP supplied, but not increase short-run aggregate supply.
  b. decrease the quantity of RGDP supplied, but not decrease short-run aggregate supply.
  c. increase short-run aggregate supply.
 d. decrease short-run aggregate supply.

Question 2

Given a constant GDP gap, the higher the spending multiplier, the smaller will be the recessionary gap.
 a. True
  b. False
  Indicate whether the statement is true or false

[poopface]

Answer to Question 1

a

Answer to Question 2

True

[audragclark]

Thanks for the timely response, appreciate it

[bigsis44]

YES! Correct, THANKS for helping me on my review