If the Economy's Short-Run Aggregate Supply Curve Is Upward Sloping

question 60

Multiple Choice

If the economy's short-run aggregate supply curve is upward sloping, a decrease in aggregate demand will cause

• A) an increase in the price level and employment.
• B) a decrease in the price level and employment.
• C) an increase in the price level and a decrease in employment.
• D) a decrease in the price level and an increase in employment.

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Definitions:

Canadian Government

The federal administration of Canada which operates under a parliamentary system within a constitutional monarchy.

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