If the AS Curve Is Vertical and There Is a Decrease

question 33

Multiple Choice

If the AS curve is vertical and there is a decrease in aggregate demand,the result is

• A)a decrease in the price level with no change in real GDP.
• B)an equal decrease in national income.
• C)an increase in the price level.
• D)an increase in national income.
• E)no change in either price level or real GDP.

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The type of Earth’s crust that underlies the continents and the continental shelves; average granitic composition, but includes diverse types of material.