Multiple Choice
Economic growth takes place
A) only when both aggregate demand and aggregate supply increase.
B) when aggregate supply increases.
C) when aggregate demand increases.
D) only if the price level is constant or rising.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Suppose real GDP is equal to potential
Q4: The positive relationship between the short-run aggregate
Q5: The long-run aggregate supply curve is vertical
Q8: Distinguish between the short-run and long-run aggregate
Q9: A short run equilibrium occurs at the
Q10: The positive relationship between the short-run aggregate
Q11: The short-run aggregate supply curve represents the
Q12: The main difference between an individual supply
Q78: Figure 8-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 8-1
Q219: Which of the following would cause the