The the government increases the level of government expenditure. If there is no change in the aggregate supply curve, then aggregate demand will ________, real GDP will ________, and the price level will ________

A) increase; remain the same; increase
B) remain the same; increase; increase
C) increase; increase; increase
D) decrease; increase; increase
E) decrease; remain the same; decrease

C

Economics

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Historical analysis of real interest rates in the United States shows that

A) real interest rates were unusually low in both the 1970s and 1980s. B) real interest rates were unusually high in both the 1970s and 1980s. C) real interest rates were unusually low in the 1970s and unusually high in the 1980s. D) real interest rates were unusually low in the 1980s, spurring the economic growth that occurred during the Reagan administration.

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