If real GDP is less than potential GDP, then the --------------------and the price level --------------------
A) aggregate supply curve shifts rightward; falls
B) aggregate demand curve shifts leftward; rises
C) aggregate demand curve shifts rightward; falls
D) amount of potential GDP increases; falls
E) aggregate supply curve shifts leftward; rises
Correct Answer:
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Q20: An increase in the quantity of money--------------------aggregate
Q21: A fall in the real wage rate
A)does
Q22: A fall in the price level brings
Q23: If the money wage rate increases, then
Q24: As the price level rises relative to
Q26: --------------------decreases aggregate supply.
A)A rise in the price
Q27: Aggregate demand--------------------and shifts the AD curve--------------------
Q28: Stagflation is a combination of--------------------real GDP and
Q29: A fall in the price level produces
Q30: Increases in the quantity of money can
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