Moving along the AS curve,when the price level increases,the
A) real wage rate falls,and there is an increase in the quantity of real GDP supplied.
B) real wage rate rises,and there is an increase in the quantity of real GDP supplied.
C) nominal wage rate falls,and there is an increase in the quantity of real GDP supplied.
D) nominal wage rate rises,and there is a decrease in the quantity of real GDP supplied.
E) real wage rate rises,and there is a decrease in the quantity of real GDP supplied.
Correct Answer:
Verified
Q1: Potential GDP
A)increases as the price level increases
Q3: The _,the _ is the quantity of
Q4: The slope of the aggregate supply curve
Q5: _ increases the quantity of real GDP
Q6: Moving along the aggregate supply curve,when the
Q7: Which of the following is true?
A)Aggregate supply
Q8: Moving along the potential GDP line,when the
Q9: The line showing potential GDP is a
Q10: The slope of the aggregate supply curve
Q11: Over a business cycle,the quantities of capital,human
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