On the Long-Run Aggregate Supply Curve

question 122

Multiple Choice

On the long-run aggregate supply curve,

• A)an increase in the price level increases the aggregate quantity of GDP supplied.
• B)an increase in the price level reduces the aggregate quantity of GDP supplied.
• C)an increase in the price level has no effect on the aggregate quantity of GDP supplied.
• D)an increase in the price level increases the level of potential GDP.
• E)an increase in the price level increases the aggregate quantity GDP demanded.

---

Definitions:

Italics

A font style used to emphasize certain parts of the text or indicate titles, foreign words, or thought.

Underlining

A text formatting tool used to emphasize particular sections of text by drawing a line directly beneath them.

Type Style

Type style refers to the characteristics and appearance of printed text or font, including factors such as size, emphasis (italic, bold), and font design, impacting readability and aesthetic appeal.

Improved Readability

Enhancing the clarity and ease of understanding of written material for better comprehension by the reader.