In the Intermediate Range of the Aggregate Supply Curve, Higher

question 91

Multiple Choice

In the intermediate range of the aggregate supply curve, higher aggregate demand will increase:

• 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.

---

Definitions:

Bargain

An agreement between two or more parties on the terms of a deal, typically involving the exchange of goods, services, or financial assets.

Economic Pressure

The coercive use of financial resources to influence or compel behavior, often in the context of negotiation or conflict.

Union Shop Contract

An employment agreement requiring non-union workers to join the union within a certain period of hiring, to remain employed.

Union Members

Individuals who are part of a labor union, an organization that represents workers in negotiations with employers over wages, benefits, and working conditions.