One year nominal GDP was $286 billion and the price index was 88. Real GDP that year was ________.

Unemployment rises in ____, and falls in ____

a. peaks; troughs b. booms; recessions c. expansions; contractions d. contractions; expansions

Some of the factors that can shift the short-run aggregate supply curve can also cause a shift in the long-run aggregate supply curve

Indicate whether the statement is true or false