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aggregate demand-aggregate supply model




1. In the aggregate demand-aggregate supply model, economic growth can be illustrated by an;a) inward shift of the aggregate supply curve;b) inward shift of the aggregate demand curve;c) outward shift of the aggregate supply curve;2. According to the text, the government can use aggregate demand management policies to reduce unemployment rates. A byproduct of this policy will be;a) an increase in the budget surplus;b) a decrease in real GDP;c) a decrease in the price level;d) an increase in the price level;3. In periods of rising;prices;a) nominal GDP will not grow at all;b) nominal GDP will grow faster than real GDP;c) nominal GDP will grow slower than real GDP;d) nominal GDP and real GDP will grow at the same rate


Paper#22934 | Written in 18-Jul-2015

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