Multiple Choice
If potential GDP increases,then in the figure above the potential GDP line ________,and the aggregate supply curve ________.
A) shifts rightward;does not shift
B) does not shift;shifts rightward
C) shifts rightward;shifts rightward
D) shifts rightward;shifts leftward
E) does not shift;does not shift
Correct Answer:
Verified
Correct Answer:
Verified
Q180: Cost-push inflation can be started by<br>A)a decrease
Q181: In the late 1920s,the U.S.economy experienced a
Q182: A combination of recession and inflation is
Q183: The _,the _ is the quantity of
Q184: Which of the following statements is correct?<br>A)An
Q186: An increase in the price level _
Q187: Which of the following decreases aggregate demand
Q188: The aggregate demand curve illustrates the relationship
Q189: An increase in technology _ potential GDP
Q190: Define "stagflation" and explain how it can