Multiple Choice
Which of the following causes a leftward shift in the short-run aggregate supply curve?
A) An increase of goods prices while nominal incomes are unchanged.
B) An increase in nominal incomes.
C) An increase of full-employment real GDP.
D) An increase of personal consumption expenditures while the price level is unchanged.
E) An increase of personal consumption expenditures while full-employment real GDP is unchanged.
Correct Answer:
Verified
Correct Answer:
Verified
Q25: Suppose that the economy is in a
Q26: A decrease in nominal incomes causes a
Q27: Exhibit 14A-1 Aggregate demand and supply model <img
Q29: Exhibit 14A-3 Macro AD-AS Model <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9287/.jpg" alt="Exhibit
Q31: If both the price level and nominal
Q32: Which of the following explains why higher
Q32: Beginning from the full-employment level of real
Q33: Exhibit 14A-6 Aggregate demand and supply model <img
Q34: Exhibit 14A-6 Aggregate demand and supply model <img
Q35: In the short run, an increase in