If real GDP is less than potential GDP, then the ________ and the price level ________
A) aggregate demand curve shifts leftward; rises
B) aggregate demand curve shifts rightward; falls
C) aggregate supply curve shifts leftward; rises
D) aggregate supply curve shifts rightward; falls
E) amount of potential GDP increases; falls
D
Economics
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Refer to Figure 9.6. Before this policy was implemented, consumer surplus was
A) $20. B) $4000. C) $6000. D) $8000. E) $12000.
Economics
For the capital stock to grow, production of capital goods must
a. exceed the inflation rate b. exceed 15 percent of GDP c. exceed the depreciation of existing capital d. increase from the previous year e. exceed the growth of the labor force
Economics