Which of the following, other things the same, would make the price level decrease and real GDP increase?
a. long-run aggregate supply shifts right
b. long-run aggregate supply shifts left
c. aggregate demand shifts right
d. aggregate demand shifts left
A
Economics
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In Figure 11.3, the change in investment spending is represented as the distance between points
A) C0 and C1. B) a1 and y1. C) a0 and a1. D) y0 and y1.
Economics
Which of the following is the basic measure of a nation's economic growth rate?
(A) Nonmarket activities over a given period of time. (B) Percentage change of real GDP over a given period of time. (C) Standard of living over a given period of time. (D) Leading indicators over a given period of time.
Economics