Using Figure 1 below, if the aggregate demand curve shifts from AD1 to AD2 the result in the long run would be:

Which of the following economic conditions cause export growth to be a basis for faster overall economic growth?

A) Diseconomies of scale in production for the domestic market B) A larger-than- average service sector C) A larger-than-average manufacturing sector D) Economies of scale in production for the world market

The fact that nominal GDP has risen faster than real GDP:

A. suggests that the base year of the GDP price index has been shifted. B. tells us nothing about what has happened to the price level. C. suggests that the general price level has fallen. D. suggests that the general price level has risen.