If the AS Curve Is Vertical,then It Follows That

question 36

Multiple Choice

If the AS curve is vertical,then it follows that

• A) Real GDP changes will always arise from the supply side of the economy.
• B) Real GDP changes will always arise from the demand side of the economy.
• C) Price level changes will always arise from the demand side of the economy.
• D) Price level changes will always arise from the supply side of the economy.
• E) a and c

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Definitions:

Expenses

It refers to the outflow of cash or other valuable assets from a person or company to another entity as a result of purchasing goods or services.

Related Revenues

Income that is directly connected to the primary operations or activities of a business.

Revenue

The total income generated by a business from its normal business operations, such as sales of goods or services.

Earned

Income or revenue that has been generated from business activities or services provided.