Problem
Suppose that during a given year, the quantity of U.S. real GDP that can be produced in the long run rises from $14.9 trillion to $15.0 trillion, measured in base-year dollars. During the year, no change occurs in the various factors that influence aggregate demand. What will happen to the U.S. long-run equilibrium price level during this particular year?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.