If the Aggregate Supply Is Vertical, an (A) ________ in the Price

question 95

Multiple Choice

If the aggregate supply is vertical, an (a) ________ in the price level ________ unemployment rate.

• A) decrease; increases
• B) increase; doesn't change
• C) decrease; decreases
• D) increase; increases

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Definitions:

Retail Price

The price at which goods or services are sold to the end consumer.

Commission Rate

The percentage or fixed payment associated with a transaction or sale that is given to the intermediary or salesperson.

Commission Rate

The percentage of a sale price that is paid to the salesperson as a reward for making the sale or dealing.

Freight

Goods transported in bulk by truck, train, ship, or airplane.