Multiple Choice
Potential output changes only when:
A) the price level changes.
B) government fiscal policy changes.
C) aggregate demand changes.
D) supply conditions change.
Correct Answer:

Verified
Correct Answer:
Verified
Q23: A rise in the Canadian price level
Q24: The potential output line is vertical:<br>A) because
Q25: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10399/.jpg" alt=" -Refer to Figure
Q26: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10399/.jpg" alt=" -Refer to Figure
Q27: If equilibrium output is less than potential
Q29: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB10399/.jpg" alt=" -Refer to Figure
Q30: The speed with which an economy adjusts
Q31: At the intersection of the aggregate supply
Q32: For any given year the AD/AS model
Q33: Table 5.4: The following aggregate demand and