Which combination of shifts of aggregate demand and supply would definitely cause an increase in real GDP?
A. Demand shifts to the right and supply shifts to the right.
B. Demand shifts to the left and supply shifts to the right.
C. Demand shifts to the right and supply shifts to the left.
D. Demand shifts to the left and supply shifts to the left.
Answer: A
Economics
You might also like to view...
The above figure shows the U.S. market for wheat. With international trade, U.S. consumers buy ________ tons of wheat and U.S. producers produce ________ tons of wheat
A) 500,000; 500,000 B) 300,000; 500,000 C) 300,000; 700,000 D) 700,000; 300,000 E) 500,000; 700,000
Economics
For those nations who fixed their currencies' exchange rates to the U.S. dollar, the rise of the dollar during the 90's was very good news,
a. True b. False Indicate whether the statement is true or false
Economics