The slope of the aggregate supply curve shows that the--------------------the price level, the--------------------
A) higher; smaller is the quantity of real GDP supplied
B) higher; is the quantity of potential GDP supplied
C) lower; is the quantity of potential GDP supplied
D) higher; greater is the quantity of real GDP supplied
E) lower; greater is the quantity of real GDP supplied
Correct Answer:
Verified
Q40: When potential GDP increases,
A)there is neither a
Q41: During the late 1960s, U.S. defense spending
Q42: Q43: If real GDP is less than potential Q44: The aggregate supply curve slopes --------------------because a-------------------- Q46: As the money wage rate increases, Q47: When the macroeconomic equilibrium is such that Q48: When investment increases, the --------------------in aggregate demand Q49: The money wage rate is constant when Q50: If the price of oil rises, the
A)potential GDP
A)AD
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents