In the short run, what will happen to the equilibrium price level and the equilibrium quantity of output if short-run aggregate supply increases?
A.
The equilibrium price level increases while the equilibrium quantity of output decreases.
B.
The equilibrium price level decreases while the equilibrium quantity of output increases.
C.
The equilibrium price level and quantity of output increase.
D.
The equilibrium price level and quantity of output decrease.
Exam No：AP Macroeconomics Problem Set 1 Year：2024 Question No：APMacroeconomics2024AP0134
Answer:
B
Knowledge points:
3.5 Equilibrium in the Aggregate Demand– Aggregate Supply (AD–AS) Model
Solution:
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