An increase in the general price level will lead toa an, Ask an Expert

Economics

An increase in the general price level will lead to:

a. an upward movement along the short-run aggregate supply curve as firms increase output.

b. a rightward shift of the short-run aggregate supply curve as firms increase output.

c. a downward movement along the short-run aggregate supply curve as firms decrease output.

d. a leftward shift of the short-run aggregate supply curve as firms decrease output.

e. no change in output because input prices are sticky.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91919931

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