Multiple Choice
Last year in the country of Union, the price level increased and real GDP increased. Such an outcome might have occurred because short-run aggregate supply __________ and aggregate demand __________ .
A) increased; did not change
B) did not change; increased
C) decreased; decreased
D) increased; decreased
Correct Answer:
Verified
Correct Answer:
Verified
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Q188: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above
Q189: Short-run equilibrium occurs at the intersection of<br>A)
Q190: A change in the full-employment quantity of
Q191: A decrease in foreign incomes<br>A) decreases aggregate
Q193: When talking about aggregate supply, it is
Q194: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -An inflationary gap
Q195: Other things equal, along the aggregate demand
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Q197: A recessionary gap occurs when<br>A) nominal GDP