Multiple Choice
Use the following diagram to answer the following questions.
-Refer to GDP Deflator. A shift in aggregate demand from AD₂ to AD₁ would most likely be caused by:
A) increased optimism about the future of the economy.
B) a decrease in taxes.
C) a decrease in the money supply.
D) an increase in the general price level.
Correct Answer:
Verified
Correct Answer:
Verified
Q52: Use the following diagram to answer the
Q53: Which of the following would be considered
Q54: The aggregate supply curve shows:<br>A) the total
Q55: Suppose the economy is currently producing at
Q56: The equilibrium level of real GDP occurs
Q58: Consumption is:<br>A) the largest component of GDP.<br>B)
Q59: An increase in nominal GDP indicates that
Q60: The aggregate supply curve shows the total
Q61: Which of the following would be included
Q62: An increase in government spending will shift