Multiple Choice
-
Based on the figure above, the aggregate supply curve shifts rightward and the potential GDP line does not change when
A) the price level rises.
B) the money wage rate falls.
C) the price level falls.
D) the money wage rate rises.
E) both the price level and money wage rate rise by the same proportion.
Correct Answer:

Verified
Correct Answer:
Verified
Q30: If there is an increase in expected
Q31: A combination of declining real GDP and
Q32: Which of the following does <u>NOT</u> shift
Q33: The economy is at full employment. If
Q34: Reasons that the recession of 2008-2009 did
Q36: When potential GDP increases,<br>A)there is neither a
Q37: The money wage rate is constant when
Q38: Which of the following changes aggregate supply
Q39: A change in the price level brings
Q40: A fall in the price level brings