Suppose That Aggregate Demand Increases Along the Upward Sloping Portion

question 174

Multiple Choice

Suppose that aggregate demand increases along the upward sloping portion of the aggregate supply curve. What is the result?

• A) Nominal GDP and real GDP decrease by the same amount.
• B) Nominal GDP and real GDP increase by the same amount.
• C) Nominal GDP increases more than real GDP increases.
• D) Real GDP increases more than nominal GDP increases.

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