Which of the following will occur if aggregate demand is below full-employment GDP?

Which of the following shifts the aggregate supply curve rightward?

A) increase in real GDP B) increase in the money price of oil C) increase in the money wage rate D) increase in potential GDP E) increase in consumers' incomes

We will generally observe that the less open an economy

A) the larger the effect of fiscal policy on output and the larger the effect of fiscal policy on the trade position. B) the larger the effect of fiscal policy on output and the smaller the effect of fiscal policy on the trade position. C) the smaller the effect of fiscal policy on output and the larger the effect of fiscal policy on the trade position. D) the smaller the effect of fiscal policy on output and the smaller the effect of fiscal policy on the trade position.