In the Long Run, an Increase in the Price Level

question 176

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)​Does none of the above.

---

Definitions:

Purchase Price

The amount of money paid to buy something, including goods, services, or real estate.

Sue

To initiate legal proceedings against an individual or entity, claiming they have committed a wrong or breach of contract.

Defective Parts

Components or elements that have flaws or imperfections which prevent them from functioning as intended.

Remedies

Legal solutions provided by a court to enforce a right, impose penalties, or make another court order to impose its will.