Solved

Economic Growth

Question 234

Multiple Choice

Economic growth


A) occurs when the long-run aggregate supply curve shifts upward.
B) is an increase in potential GDP as the long-run aggregate supply curve shifts rightward.
C) requires a compensating decrease in aggregate demand to offset the increase in aggregate supply.
D) All of the above answers are correct.

Correct Answer:

verifed

Verified

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

Related Questions

Q229: In the short run, the intersection of

Q230: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Suppose the economy

Q231: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the figure

Q232: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -Using the data

Q233: A change in _ creates a movement

Q235: Moving along the short-run aggregate supply curve,<br>A)

Q236: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -The table above

Q237: What are the substitution effects that affect

Q238: All of the following shift the LAS

Q239: The intertemporal substitution effect refers to substitution