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

question 192

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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