Multiple Choice
The aggregate supply curve shows the relationship between
A) potential GDP and the price level.
B) potential GDP and real GDP.
C) the quantity of real GDP supplied and the price level.
D) the quantity of real GDP supplied and the interest rate.
E) potential GDP and the aggregate demand curve.
Correct Answer:
Verified
Correct Answer:
Verified
Q44: In a persisting demand-pull inflation,<br>A)aggregate supply decreases
Q45: A fall in the money wage rate
Q46: Demand-pull inflation persists because of<br>A)continuing increases in
Q47: If the price level doubles,it will<br>A)increase the
Q48: The AD curve is a graph depicting
Q50: An increase in the quantity of money
Q51: A change in the price level<br>A)shifts the
Q52: During the late 1960s,U.S.defense spending increased as
Q53: The economy is at full employment and
Q54: Potential GDP increased from 4.7 trillion to