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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Definitions:

Metaphysical Viewpoint

A perspective that deals with questions of existence, reality, and the nature of the universe beyond the physical or empirical.

Philosophers

Thinkers who engage in critical study, analysis, and the synthesis of ideas about fundamental questions like existence, knowledge, values, reason, mind, and language.

Frameworks

Frameworks refer to the essential structure and systematic arrangement of concepts, theories, or physical supports.

Western Metaphysics

A branch of philosophy that explores the fundamental nature of reality, including concepts such as existence, objects and their properties, space and time, cause and effect, and possibility.