-In the figure above,the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110.As the economy moves toward its ultimate equilibrium,the ________ curve shifts ________ because ________.
A)aggregate supply;leftward;the money wage rate rises
B)aggregate supply;rightward;the money wage rate falls
C)aggregate demand;rightward;the money wage rate falls
D)aggregate demand;leftward;the money wage rate rises
E)potential GDP;leftward;the money wage rate falls

Question

-In the figure above,the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110.As the economy moves toward its ultimate equilibrium,the ________ curve shifts ________ because ________.
A)aggregate supply;leftward;the money wage rate rises 
B)aggregate supply;rightward;the money wage rate falls 
C)aggregate demand;rightward;the money wage rate falls 
D)aggregate demand;leftward;the money wage rate rises 
E)potential GDP;leftward;the money wage rate falls

Quizplus · Accepted Answer

The Answer of 
-In the figure above,the economy is at an equilibrium with real GDP of $16 trillion and a price level of 110.As the economy moves toward its ultimate equilibrium,the ________ curve shifts ________ because ________.
A)aggregate supply;leftward;the money wage rate rises 
B)aggregate supply;rightward;the money wage rate falls 
C)aggregate demand;rightward;the money wage rate falls 
D)aggregate demand;leftward;the money wage rate rises 
E)potential GDP;leftward;the money wage rate falls

-In the Figure Above,the Economy Is at an Equilibrium with Real