Exhibit 14-5 -Refer to the Graph in the Exhibit.Suppose the Economy Is

question 118

Multiple Choice

Exhibit 14-5

-Refer to the graph in the exhibit.Suppose the economy is in equilibrium, where AD = SRAS.How will the price level be affected, assuming no monetary action is taken?  

• A) Prices will increase.
• B) Prices will decrease.
• C) Prices will remain as they are indefinitely.
• D) Prices will likely go into negative territory.

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