Multiple Choice
Technological change, such as the information technology revolution of the 1990s can shift the aggregate supply curve outward.If, at the same time, the government is decreasing spending, the most likely outcome of these two factors is a(n)
A) increase in the price level.
B) decrease in the price level.
C) increase in real GDP.
D) decrease in real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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