Based on the Aggregate Supply Relation,an Increase in Current Output

question 4

Multiple Choice

Based on the aggregate supply relation,an increase in current output will cause

• A)a shift of the aggregate supply curve.
• B)an increase in the current price level.
• C)a change in the expected price level this year.
• D)an increase in the expected price level and an upward shift of the AS curve.
• E)an increase in the markup over labor costs.

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