In the Long Run,an Increase in the Price Level

question 114

Multiple Choice

In the long run,an increase in the price level:

• A) increases output prices relative to input prices.
• B) increases the profit margins of many producers.
• C) increases RGDP supplied.
• D) none of the above.

---

Definitions:

Job Description

A formal, written explanation of a specific job, usually including job title, tasks, relationship with other jobs, physical and mental skills required, duties, responsibilities, and working conditions.

Graphic Designer

A professional who creates visual content to communicate messages, employing color, typography, illustrations, and photography.