Multiple Choice
Along the short-run aggregate supply curve (SRAS) , an increase (rightward shift) in the aggregate demand curve will increase:
A) both the price level and real GDP.
B) real GDP without raising the price level.
C) the price level without affecting real GDP.
D) the price level but reduce real GDP.
Correct Answer:

Verified
Correct Answer:
Verified
Q12: If nominal wages and salaries are fixed
Q13: In an efficient market, deadweight loss is
Q14: Exhibit 6A-2 Consumer Equilibrium<br><br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit 6A-2
Q15: Exhibit 6A-3 Consumer equilibrium<br><br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit 6A-3
Q16: Exhibit 1A-4 Straight line<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit 1A-4
Q18: Consumer surplus:<br>A) does not exist in equilibrium.<br>B)
Q19: Distinguish a direct and an inverse relationship.
Q20: If both the price level and nominal
Q21: Exhibit 1A-10 Multi-curve graph<br><img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX8793/.jpg" alt="Exhibit 1A-10
Q22: Long-run full-employment equilibrium assumes:<br>A) a downward-sloping production