Multiple Choice
As the money wage rate increases,
A) potential GDP decreases.
B) aggregate supply increases.
C) aggregate supply and potential GDP do not change.
D) aggregate supply decreases.
E) potential GDP increases.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: In a demand-pull inflation, if the Fed
Q2: When the price level falls,<br>A)there is a
Q3: During the late 1960s, U.S. defense spending
Q4: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" - The aggregate
Q5: The aggregate demand curve shifts when any
Q7: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" In the figure
Q8: Over a business cycle, the quantities of
Q9: If the price of oil rises, the<br>A)AD
Q10: If real GDP is less than potential
Q11: According to the AS-AD model,<br>A)the AS curve