In the Keynesian framework, most short-run fluctuations in GDP are due to:
a. changes in aggregate demand
b. changes in the natural rate of unemployment
c. changes in potential GDP
d. changes in the unemployment insurance system
a. changes in aggregate demand
Economics
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When the price level falls,
A) there is a movement upward along the AS curve. B) both the potential GDP line and the AS curve shift leftward. C) the AS curve shifts leftward but the potential GDP line does not shift. D) the AS curve shifts rightward but the potential GDP line does not shift. E) there is a movement downward along the AS curve.
Economics
Depreciation of the U.S. dollar will shift the AD curve leftward
Indicate whether the statement is true or false
Economics