In the classical IS—LM/AD—AS model, a beneficial productivity shock would ________ output, ________ the real interest rate, and ________ the price level

If the economy experiences a(n) ________, inflation will rise and real GDP will fall

A) negative supply shock B) decrease in aggregate demand C) increase in short-run aggregate supply D) positive supply shock

The single best indicator of the degree of economic inequality in a country is the

a. top/bottom ratio b. Gini coefficient c. poverty rate d. Kuznets curve e. bell curve