Multiple Choice
If potential GDP increases,
A) aggregate supply does not change.
B) the quantity of aggregate supply decreases.
C) aggregate supply increases.
D) the price level rises.
E) the money wage rate must have fallen.
Correct Answer:
Verified
Correct Answer:
Verified
Q161: In a demand-pull inflation,money wage rates rise
Q162: Which of the following produces a movement
Q163: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" The figure above
Q164: Which of the following does NOT affect
Q165: Moving along the potential GDP line,the money
Q167: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1457/.jpg" alt=" The figure above
Q168: The government passes a law which doubles
Q169: Last year the price level increased from
Q170: A change in the price level produces
Q171: How does a fall in the money