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AP Macroeconomics
Unit 3 – National Income and Price Determination
Topic 3.3
How does the quantity of real GDP output supplied by firms change as the price level falls in the short-run aggregate supply (SRAS)?
It increases.
It is unpredictable.
It remains constant.
It decreases.
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AP Macroeconomics - 3.3 Short-Run Aggregate Supply (SRAS)
Key terms
Price level
Short-run Aggregate Supply (SRAS)
Firms
Quantity of real GDP output
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About Fiveable
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Resources
Cram Mode
AP Score Calculators
Study Guides
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Crisis Text Line
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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