In Building a Macro Model with an AS Curve,it Is

question 124

Multiple Choice

In building a macro model with an AS curve,it is assumed that producers will

• A)increase prices without changing their output.
• B)decrease their prices without changing output.
• C)decrease their prices when they expand output.
• D)produce as much as possible at the existing price level.
• E)produce more output only if prices rise.

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