The "law of supply" refers to the fact that, all other things remaining the same, when the price of a good rises
A) the supply curve shifts leftward.
B) the supply curve shifts rightward.
C) there is a movement up along the supply curve to a larger quantity supplied.
D) there is a movement down along the supply curve to a smaller quantity supplied.
C
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What will be an ideal response?
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a. True b. False Indicate whether the statement is true or false
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A. has no effect unless the fiscal policy is accompanied by changes in the money supply. B. changes aggregate demand and GDP by changing aggregate expenditures. C. is relatively ineffective because the outcomes are anticipated and offset. D. affects GDP and the price level through changes in aggregate supply.