Given a Fixed Upsloping AS Curve, a Rightward Shift of the AD

question 3

Multiple Choice

Given a fixed upsloping AS curve, a rightward shift of the AD curve will

• A)cause cost-push inflation.
• B)increase real output but not the price level.
• C)increase the price level but not real output.
• D)increase both the price level and real output.

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Definitions:

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