If the AS Curve Is Vertical and There Is a Decrease

question 48

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)no change in either price level or real GDP.
• E)an increase in national income.

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