Which of the following would cause prices and real GDP to rise in the short run?
a. short-run aggregate supply shifts right
b. short-run aggregate supply shifts left
c. aggregate demand shifts right
d. aggregate demand shifts left
c
Economics
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Unemployment
a) falls when households save a larger fraction of their income. b) moves in the opposite direction as real GDP. c) rises during expansions. d) decreases as production falls.
Economics
The law of diminishing marginal utility guarantees that demand curves will have positive slopes
a. True b. False Indicate whether the statement is true or false
Economics