Multiple Choice
Other things constant,the economy's aggregate demand curve shows that
A) as the price level falls,so does real national income.
B) any change in the general price level causes the curve to shift.
C) real GDP decreases when the price level rises.
D) real GDP and the price level are not related.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: Explain in detail how the multiplier effect
Q8: When the relative prices of Canadian-made goods
Q9: If you have $1 000 and the
Q10: A reduction in the quantity demanded of
Q13: Figure 6-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 6-1
Q14: One reason that the aggregate demand curve
Q15: Over time in a growing economy,the long-run
Q16: Leftward shifts in long-run aggregate supply<br>A)can cause
Q17: Persistent inflation in an economy is only
Q259: Which of the following statements is TRUE?<br>A)