Multiple Choice
Use the following to answer questions .
Exhibit: Long-run Equilibrium
-(Exhibit: Long-run Equilibrium) Changes in aggregate demand from AD1 to either AD2 or AD3
A) will change nominal GDP but will not change real GDP in the long run.
B) will change real GDP but will not change nominal GDP in the long run.
C) will change the potential level of real GDP.
D) will change the price level and real GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Q59: Which of the following best explains why
Q60: An economy adjusts on its own to
Q61: Suppose that government spending on defense rises
Q62: What happens in the domestic economy when
Q63: Use the following to answer questions .<br>Exhibit:
Q65: Which of the following is false about
Q66: As a recessionary gap is eliminated through
Q67: Taking no action and allowing an economy
Q68: What is the meaning of "sticky" wages?
Q69: Which of the following is an explanation