Multiple Choice
Figure 12.2
-Consider the economy described in Figure 12.2. Assume that equilibrium is at point A. Given AD1, a rightward shift of the aggregate supply curve would cause
A) unemployment to rise.
B) the price level to rise.
C) the equilibrium income level to fall.
D) business production to fall.
E) real GDP to rise.
Correct Answer:

Verified
Correct Answer:
Verified
Q19: The purpose of developing and understanding an
Q20: The aggregate supply curve<br>A) is irrelevant for
Q21: Which of the following is not one
Q22: New production technology discourages investment spending because
Q23: Which of the following statements is true?<br>A)
Q25: The substitution effect, based on relative commodity
Q26: An upward-sloping aggregate supply curve indicates that<br>A)
Q27: By not allowing its currency to appreciate,
Q28: Figure 12.3<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 12.3
Q29: Figure 12.4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1749/.jpg" alt="Figure 12.4