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Author Question: Does a rise in the price level bring a movement along the aggregate supply curve or does it shift ... (Read 120 times)

tth

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on: Jun 29, 2018
Does a rise in the price level bring a movement along the aggregate supply curve or does it shift the aggregate supply curve?
 
  What will be an ideal response?

Question 2

Which of the following is classified as an intermediate good?
 
  i. the purchase of a Big Mac by a college student
  ii. McDonald's purchase of pickles
  iii. a McDonald's restaurant owner's interest payment for the loan on her building
  A) ii only
  B) ii and iii
  C) i only
  D) i and iii
  E) i, ii and iii
International Economics ¦ Gerber ¦ 6th Edition
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izzat

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A rise in the price level results in an upward movement along the aggregate supply curve. It does not shift the aggregate supply curve.

Answer to Question 2

A


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