Multiple Choice
Equilibrium GDP in excess of potential GDP eventually will cause the aggregate
A) demand curve to shift outward.
B) supply curve to shift outward.
C) supply curve to shift inward.
D) demand curve to become flatter.
Correct Answer:

Verified
Correct Answer:
Verified
Q22: Profit per unit can be expressed as
Q23: The aggregate supply curve slopes upward because
Q24: Figure 10-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 10-9
Q25: Suppose we observe an economy experience an
Q26: When economists refer to the economy's self-correcting
Q28: Figure 10-7<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 10-7
Q29: When the price level is considered, the
Q30: Figure 10-9<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 10-9
Q31: When the inflationary gap is finally eliminated,
Q32: Improvements in productivity shift the aggregate supply