Multiple Choice
If real GDP is less than potential GDP,then the ________ and the price level ________.
A) amount of potential GDP increases;falls
B) aggregate demand curve shifts rightward;falls
C) aggregate supply curve shifts leftward;rises
D) aggregate supply curve shifts rightward;falls
E) aggregate demand curve shifts leftward;rises
Correct Answer:

Verified
Correct Answer:
Verified
Q2: A rise in the money wage rate
Q9: Moving along the AS curve, when the
Q24: If the equilibrium price level is 135
Q29: If the aggregate demand curve and the
Q31: When the quantity of real GDP demanded
Q84: Starting from a situation of full employment,
Q109: At a trough in the business cycle,the
Q110: A fall in the price level brings
Q114: Because of the existence of the aggregate
Q118: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1012/.jpg" alt=" -In the figure