An Increase in the Price Level Is Likely to Increase

question 157

Multiple Choice

An increase in the price level is likely to increase the aggregate amount of output supplied in the short run because

• A) interest rate is high in the short-run.
• B) wages are sticky in the short-run.
• C) wages change in the short-run.
• D) the aggregate supply curve is vertical in the short-run.

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