The figure below shows the determination of the equilibrium price level and real GDP in an aggregate demand-aggregate supply model.The movement shown in this figure is most likely to be caused by:
Figure 10.6

A)a decrease in the real wage.
B)an increase in the economy's capital stock.
C)the actions of a labor union.
D)a decrease in consumer spending.
E)an increase in labor productivity.

Question

The figure below shows the determination of the equilibrium price level and real GDP in an aggregate demand-aggregate supply model.The movement shown in this figure is most likely to be caused by:​ ​
Figure 10.6

A)a decrease in the real wage. 
B)an increase in the economy's capital stock. 
C)the actions of a labor union. 
D)a decrease in consumer spending. 
E)an increase in labor productivity.

Quizplus · Accepted Answer

The Answer of The figure below shows the determination of the equilibrium price level and real GDP in an aggregate demand-aggregate supply model.The movement shown in this figure is most likely to be caused by:​ ​
Figure 10.6

A)a decrease in the real wage. 
B)an increase in the economy's capital stock. 
C)the actions of a labor union. 
D)a decrease in consumer spending. 
E)an increase in labor productivity.

The Figure Below Shows the Determination of the Equilibrium Price