Other Things Equal, an Increase in Aggregate Supply Will Cause

question 6

Multiple Choice

Other things equal, an increase in aggregate supply will cause:

• A)a decrease in equilibrium real GDP and a decrease in the equilibrium price level.
• B)an economic contraction.
• C)an increase in equilibrium real GDP and an increase in the equilibrium price level.
• D)cost-push inflation.
• E)a reduction in unemployment and a decline in inflation.

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