Multiple Choice
Over the last twenty years, real GDP in the U.S. economy has increased and there has been inflation. This indicates that
A) aggregate demand has increased while aggregate supply has been constant.
B) aggregate demand has been constant while aggregate supply has increased.
C) aggregate demand has increased more than aggregate supply.
D) aggregate demand has increased less than aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
Q224: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q225: If there are steady decreases in aggregate
Q226: Economic growth can be thought of as<br>A)
Q227: If there is persistent inflation<br>A) long-run aggregate
Q228: All of the following are components of
Q230: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -Consider the above
Q231: If persistent inflation was due to declines
Q232: To find an economy's long-run equilibrium price
Q233: An increase in aggregate demand is shown
Q234: An increase in the amount of physical