When an increase in aggregate demand exceeds the increase in aggregate supply
A) real GDP decreases while nominal GDP increases.
B) the price level falls while real GDP increases.
C) nominal GDP decreases and real GDP decreases.
D) the economy will experience inflation as the price level rises.
D
Economics
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The opportunity cost of something is the gain you receive as a result of your sacrifice
Indicate whether the statement is true or false
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The figure above shows Sam's budget line. Which of the following equals the slope of Sam's budget line?
A) Y/Pc B) Y/Pg C) (Pc/Pg) D) (Pg/Pc)
Economics