1. The short run aggregate supply curve is ___, while the long run aggregate supply curve is A. upward sloping; vertical B. upward sloping; downward sloping C. downward sloping; vertical D. vertical; upward sloping E. upward sloping; horizontal

2. Which of the following is true of the long-run aggregate supply curve (LRAS) curve? A. The LRAS curve is upward sloping because at any level of real gross domestic product (GDP) the price level is constant. B. The LRAS curve is upward sloping because higher levels of real GDP are associated with higher price levels. C. The LRAS curve is vertical because higher levels of real GDP are associated with higher price levels. D. The LRAS is vertical because of at any price level, the level of real GDP is constant E. The LRAS curve is vertical because higher levels of real GDP are associated with a constant price level.

3. Given a short-run aggregates supply curve, an increase in the price level will cause A. a downward movement along the curve B. an outward shift of the curve C. an upward movement along the curve D. the curve to become vertical E. an inward shift of the curve

4. Suppose the short-run aggregate supply curve shifts to the right. This means that A. at any price level less real gross domestic product (GDP) will be supplied B. at any level of real GDP a higher price level will exist C. higher price levels will be associated with higher levels of real GDP on the new curve only D. lower price levels will be associated with lower levels of real GDP E. (E) at any price level more real GDP will be supplied