Given the aggregate demand curve,an increase in aggregate supply would raise real GDP and reduce the price level.

Name: Given the aggregate demand curve,an increase in aggregate supply would raise real GDP and reduce the price level.
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Quizplus · Accepted Answer

This is known as the supply-side effect, where an increase in aggregate supply shifts the aggregate supply curve to the right, causing an increase in real GDP and a decrease in the price level.

Given the Aggregate Demand Curve,an Increase in Aggregate Supply Would