Question: Multiple Choice Question In the short run, when wages are fixed, output (GDP): Multiple choice question. will contract if the price level increases because profit

Multiple Choice Question In the short run, when wages are fixed, output (GDP): Multiple choice question. will contract if the price level increases because profit margins decrease and reducing production is more profitable. will expand if the price level decreases because profit margins increase and increasing production is profitable. will expand if the price level increases because profit margins increase and increasing production is profitable. will contract if the price level decreases because profit margins increase and increasing production is profitable

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