Multiple Choice
The quantity of real GDP supplied ________ when the price level increases because ________.
A) decreases;investment increases
B) increases;the quantity of money increases
C) increases;the real wage rate falls
D) decreases;the real wage rate rises
E) increases;aggregate demand increases
Correct Answer:
Verified
Correct Answer:
Verified
Q2: The 2008-2009 recession must have been a
Q3: According to the AS-AD model,<br>A)the aggregate quantity
Q4: If demand pull inflation occurs when the
Q5: Over a business cycle,the quantities of capital,human
Q6: Give examples of factors that decrease aggregate
Q8: When the U.S.price level rises relative to
Q9: "The aggregate demand multiplier results in the
Q10: A rise in the price level brings
Q11: When the aggregate supply curve intersects the
Q12: An increase in _ increases potential GDP