Changes in which of the following do NOT shift the AS curve?
I. the price level
Ii. potential GDP
Iii. the money wage rate
A) i and ii
B) ii only
C) iii only
D) i, ii, and iii
E) i only
Correct Answer:
Verified
Q2: The aggregate demand curve shifts when any
Q3: Moving along the potential GDP line, when
Q4: Real GDP definitely increases if
A)potential GDP decreases
Q5: An increase in government expenditure on goods
Q6: Which of the following could result in
Q8: A decrease in foreign income-------------------- exports of
Q9: Moving along the aggregate supply curve, when
Q10: At a price level of 100, John
Q11: If demand pull inflation occurs when the
Q12:
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