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Problem

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question

What will happen to the equilibrium price level and the equilibrium quantity of output if the aggregate supply curve shifts to the left? Assume an upward sloping aggregate supply curve.

category

economics

options

  1. The equilibrium price level decreases while the equilibrium quantity of output increases.
  2. The equilibrium price level increases while the equilibrium quantity of output decreases.
  3. The equilibrium price level and quantity of output decrease.
  4. The equilibrium price level remains constant while the equilibrium quantity of output decreases.
  5. The equilibrium price level and quantity of output increase.
  6. The equilibrium price level decreases while the equilibrium quantity of output decreases.
  7. The equilibrium price level and quantity of output remain constant.
  8. The equilibrium price level decreases while the equilibrium quantity of output remains constant.
  9. The equilibrium price level increases while the equilibrium quantity of output remains constant.
  10. The equilibrium price level and quantity of output both fluctuate unpredictably.

src

ori_mmlu-high_school_macroeconomics

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