Business, 18.03.2021 23:20 chris3633

How does an increase in the price level affect the quantity of real GDP supplied in the long run? A. In the long run, an increase in the price level increases inflation, which will decrease real GDP. B. Changes in the price level do not affect the level of GDP in the long run. C. In the long run, an increase in the price level decreases inflation, which will decrease real GDP. D. In the long run, an increase in the price level will increase real GDP.

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How does an increase in the price level affect the quantity of real GDP supplied in the long run? A...

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