The average price of goods and services in the economy is also known as

In the above figure, at the point where AD equals SAS

A) real GDP exceeds potential GDP. B) potential GDP exceeds real GDP. C) the economy is in a recession. D) the unemployment rate is zero.

Refer to Figure 17-9. A(n) ________ would be depicted as a movement from A to D to C

A) increase in short-run aggregate supply B) supply shock, such as rising oil prices, C) implementation of contractionary monetary policy D) increase in aggregate demand