On the Long-Run Aggregate Supply Curve

question 248

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.

---

Definitions:

False-Negative

A test result that incorrectly indicates no presence of a condition, such as a disease or a specific finding, when it is actually present.

Second Trimester

The period in pregnancy that extends from the 13th to the end of the 26th week, characterized by rapid growth of the fetus and further development of fetal organs.

Embryo

A group of cells, called the inner cell mass, that develops from the blastocyst during the embryonic prenatal period to become the fetus.

Fetus

A developing human from roughly eight weeks after conception until birth.