Multiple Choice
The slope of the aggregate supply curve shows that, all else the same, the
A) quantity of real GDP supplied decreases as the price level increases.
B) price level remains constant as real GDP increases.
C) price level remains constant as potential GDP increases.
D) quantity of real GDP supplied increases as the price level increases.
E) quantity of real GDP supplied remains constant as the price level increases.
Correct Answer:

Verified
Correct Answer:
Verified
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
Q12: If European economies enter a recession,<br>A)the quantity
Q14: The aggregate supply curve slopes <sub>--------------------</sub>because a<sub>--------------------</sub>
Q15: If the AD curve shifts rightward, then<br>A)the
Q16: If oil prices increase, then in the
Q17: Which of the following decreases aggregate demand
Q18: Changes in which of the following shifts