Based on the figure above, the aggregate demand curve will shift from AD0 to AD1 when
A) the Federal Reserve lowers the interest rate.
B) government expenditure decreases.
C) the price level falls.
D) the price level rises.
E) potential GDP increases.
A
Economics
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What will be an ideal response?
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Based on the table "Real and Nominal GDP," if year one is the base year, then the real GDP in year two, is ________
A) 5000 B) 5250 C) 5900 D) 6175 E) none of the above
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