Multiple Choice
The level of real GDP in the long run is
A) potential GDP.
B) affected by changes in the price level.
C) determined solely by aggregate demand.
D) the same as the level of nominal GDP in the long run.
Correct Answer:

Verified
Correct Answer:
Verified
Q24: An increase in government spending will result
Q33: Figure 24-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Figure 24-3
Q54: Suppose the U.S.GDP growth rate is faster
Q56: Suppose a recession occurs as a result
Q67: The _ curve has a positive slope
Q93: An adverse supply shock causes the short-run
Q187: An increase in the price level shifts
Q253: Explain how the aggregate demand and aggregate
Q270: Figure 24-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7397/.jpg" alt="Figure 24-3
Q276: Article Summary<br>For reasons including overproduction in the