Multiple Choice
Which of the following is true?
A) Aggregate supply is another name for potential GDP.
B) Potential GDP increases as the price level increases.
C) At full employment,aggregate supply is equal to potential GDP.
D) Potential GDP decreases as the price level increases.
E) The potential GDP line has a negative slope.
Correct Answer:
Verified
Correct Answer:
Verified
Q11: When the aggregate supply curve intersects the
Q12: An increase in _ increases potential GDP
Q13: Explain the difference between a movement along
Q14: Suppose that the money prices of raw
Q15: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -The table above
Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -In the figure
Q18: Unemployment increases when<br>A)an inflationary gap is created.<br>B)potential
Q19: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" -What is the
Q20: If the equilibrium price level is 135
Q21: Oil price hikes<br>A)increase aggregate supply.<br>B)decrease aggregate supply.<br>C)increase