​ Along the Short-Run Supply Curve (SRAS), a Decrease in the Aggregate

question 41

Multiple Choice

​ Along the short-run supply curve (SRAS) , a decrease in the aggregate demand curve will decrease:

• A) ​both the price level and real GDP.
• B) ​real GDP without raising the price level.
• C) ​the price level without affecting real GDP.
• D) ​the price level but reduce real GDP.

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Definitions:

Logistical Functions

The process of acquiring, creating, and delivering goods and services in the appropriate amounts to the consumer or ultimate location.

Facilitating Functions

include activities that help in the smooth execution of transactions and exchanges in the marketplace, such as logistics, financing, and information provision.

Purchasing Products

The process of acquiring goods or services to fulfill the needs or requirements of a business or consumer.

Resale

The act of selling a product or service to another party after it has been purchased from the original seller.