inelastic aggregate supply curve
Channel: econom
Date: 2016-01-28

ECS1601 May 2011 Section B
31. If the aggregate supply curve is perfectly inelastic, an increase in aggregate demand will lead to an increase in
[1] the price level.
[2] the price level and real national output.
[3] the price level and employment.
[4] real national output and employment.