Question: Other things equal, an increase in aggregate supply will cause: a decrease in equilibrium real GDP and a decrease in the equilibrium price level. an

Other things equal, an increase in aggregate supply will cause:

  1. a decrease in equilibrium real GDP and a decrease in the equilibrium price level.
  2. an economic contraction.
  3. an increase in equilibrium real GDP and an increase in the equilibrium price level.
  4. cost-push inflation.
  5. a reduction in unemployment and a decline in inflation.

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