Solved

-In the Above Figure, the Economy Is at Point a When

Question 302

Multiple Choice

-In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 120 and real GDP of $12.0 trillion, then it must be the case that A) aggregate demand has decreased. B) aggregate demand has increased. C) aggregate supply has increased. D) aggregate supply has decreased.
-In the above figure, the economy is at point A when changes occur. If the new equilibrium has a price level of 120 and real GDP of $12.0 trillion, then it must be the case that


A) aggregate demand has decreased.
B) aggregate demand has increased.
C) aggregate supply has increased.
D) aggregate supply has decreased.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q105: What are the components of fiscal policy?

Q275: In the short-run, real GDP can be

Q297: Which of the following shifts the aggregate

Q298: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above

Q303: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above

Q304: When the exchange rises, then the<br>A) LAS

Q305: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6802/.jpg" alt=" -In the above

Q306: The intertemporal substitution effect refers to substitution

Q365: A monetarist economist believes that if the

Q397: The short-run aggregate supply curve shows a