The figure below shows the aggregate demand and supply curves for the U.S. The figure given below shows that from the beginning of period 1 to the end of period 2:

A) real GDP decreased and then increased.
B) real GDP increased and then decreased.
C) real GDP fell from $10,000 to $6,000.
D) real GDP rose from $6,000 to $10,000.
E) the inflation rate fell from 4 percent to 1 percent.

Question

The figure below shows the aggregate demand and supply curves for the U.S. The figure given below shows that from the beginning of period 1 to the end of period 2:

A) real GDP decreased and then increased. 
B) real GDP increased and then decreased. 
C) real GDP fell from $10,000 to $6,000. 
D) real GDP rose from $6,000 to $10,000. 
E) the inflation rate fell from 4 percent to 1 percent.

Quizplus · Accepted Answer

The Answer of The figure below shows the aggregate demand and supply curves for the U.S. The figure given below shows that from the beginning of period 1 to the end of period 2:

A) real GDP decreased and then increased. 
B) real GDP increased and then decreased. 
C) real GDP fell from $10,000 to $6,000. 
D) real GDP rose from $6,000 to $10,000. 
E) the inflation rate fell from 4 percent to 1 percent.

The Figure Below Shows the Aggregate Demand and Supply Curves