This quiz is a part of the CFA Level 1 reading 'Understanding Business Cycles'. 

Understanding Business Cycles

There is a positive relationship between real GDP and the price level

The economy's output increases in the long run 

Upward pressure on the price level begins to build 

A leftward shift in the aggregate supply curve 

A rightward shift in the aggregate supply curve 

A rightward shift in the aggregate demand curve 

A shift to the right in the aggregate supply curve 

Rising costs of critical inputs such as energy, labor, and capital 