On the Long-Run Aggregate Supply Curve

question 102

Multiple Choice

On the long-run aggregate supply curve,

• A)a decrease in the price level decreases the level of potential GDP.
• B)a decrease in the price level increases the aggregate quantity of GDP supplied.
• C)a decrease in the price level decreases the aggregate quantity of GDP supplied.
• D)a decrease in the price level has no effect on the aggregate quantity of GDP supplied.
• E)only decreases in the price level caused by shifts in aggregate demand increase the aggregate quantity of GDP supplied.

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Definitions:

DBMS

Database Management System, a software used for creating, managing, and manipulating databases.

Open Source

pertaining to software for which the original source code is made freely available and may be redistributed and modified.

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SQL Query

A statement written in Structured Query Language used to perform tasks such as update data on a database, or retrieve data from a database.