A change in the price level
A)shifts the aggregate supply curve rightward.
B)shifts the potential GDP line.
C)shifts the aggregate supply curve leftward.
D)changes the quantity of real GDP supplied.
E)shifts the aggregate demand curve leftward.

Question

Quizplus · Accepted Answer

A change in the price level leads to a movement along the aggregate supply curve, which results in a change in the quantity of real GDP supplied. It does not shift the curve leftward or rightward, and it does not affect potential GDP or the aggregate demand curve.

A Change in the Price Level