Multiple Choice
When an increase in aggregate demand exceeds the increase in aggregate supply,
A) real GDP decreases while nominal GDP increases.
B) the economy will experience inflation as the price level rises.
C) the price level falls while real GDP increases.
D) nominal GDP decreases and real GDP decreases.
Correct Answer:
Verified
Correct Answer:
Verified
Q165: economists believe that the economy is self-
Q166: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -The above figure
Q167: Which of the following increases aggregate demand?<br>A)
Q168: If you have $1,000 in wealth and
Q169: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5270/.jpg" alt=" -Using the data
Q172: Which of the following would NOT shift
Q173: An inflationary gap is occurs when<br>A) real
Q174: In the above figure, as the economy
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Q267: The aggregate demand curve shows total expenditures