Multiple Choice
If factor prices remain constant, an increase in aggregate demand
A) increases the price level and increases real GDP.
B) increases the price level and decreases real GDP.
C) decreases the price level and increases real GDP.
D) decreases the price level and decreases real GDP.
E) increases the price level, and leaves real GDP unchanged.
Correct Answer:

Verified
Correct Answer:
Verified
Q51: Which one of the following newspaper quotations
Q52: A technological advance shifts<br>A)both SAS and AD
Q53: Consider an economy starting from a position
Q54: A recessionary gap is the amount by
Q55: A _ macroeconomist believes that the economy
Q57: Which of the following situations illustrates how
Q58: Use the figure below to answer the
Q59: Use the table below to answer the
Q60: Which one of the following newspaper quotations
Q61: Disposable income is aggregate income<br>A)minus taxes and