Question: 5. Increases in productivity will A. cause the price level to rise. B. impact short-run aggregate supply (SRAS) but not long-run aggregate supply (LRAS). C.
5. Increases in productivity will A. cause the price level to rise. B. impact short-run aggregate supply (SRAS) but not long-run aggregate supply (LRAS). C. impact aggregate demand (AD) but not aggregate supply (AS). D. increase LRAS. E. increase the price level and AS
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
