Which of the Following Is True About the Price Level

question 67

Multiple Choice

Which of the following is true about the price level and aggregate supply?

• A) The price level influences aggregate supply in both the long run and short run.
• B) The price level influences aggregate supply in the long run but not in the short run.
• C) The price level influences aggregate supply in the short run but not in the long run.
• D) The price level never impacts aggregate supply.
• E) There is no clear relationship between the price level and aggregate supply.

---

Definitions:

Central Focus

The primary or most important point of attention or activity.