For a given increase in aggregate demand, the steeper the slope of the short-run aggregate supply curve, the is the increase in the price level and the _is the multiplier effect on real GDP in the short run.
O A. smaller, smaller
O B. larger; smaller
O C. larger; larger
O D. smaller; larger

Question

05-05-2021
Arts

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For a given increase in aggregate demand, the steeper the slope of the short-run aggregate supply curve, the is the increase in the price level and the _is the multiplier effect on real GDP in the short run.
O A. smaller, smaller
O B. larger; smaller
O C. larger; larger
O D. smaller; larger

Sagot :

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corderoda corderoda · Answer 1 · 2021-05-05T07:47:50-04:00

corderoda corderoda

05-05-2021

Answer: the answer A

Explanation: The upward-sloping aggregate supply curve—also known as the short run aggregate supply curve—shows the positive relationship between price level and real GDP in the short run.

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For a given increase in aggregate demand, the steeper the slope of the short-run aggregate supply curve, the is the increase in the price level and the _is the multiplier effect on real GDP in the short run. O A. smaller, smaller O B. larger; smaller O C. larger; larger O D. smaller; larger

Sagot :

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For a given increase in aggregate demand, the steeper the slope of the short-run aggregate supply curve, the is the increase in the price level and the _is the multiplier effect on real GDP in the short run.
O A. smaller, smaller
O B. larger; smaller
O C. larger; larger
O D. smaller; larger