Use the following graph to answer the next question.If aggregate demand curve shifts from AD2 to AD1, the effect on real GDP will be a decrease from ________.

A. Q3 to Q4
B. Q2 to Q4
C. Q3 to Q1
D. Q2 to Q1


Answer: D

Economics

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A decrease in the unemployment rate which is accompanied by an increase in the inflation rate is represented by a ________ the Phillips curve

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For consideration of such issues as labor's productivity growth nationwide, the relevant measure is the

A) marginal product of labor. B) average product of labor. C) total product of labor. D) wage. E) cost of capital.

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Which of the following was not a cause of the Savings and Loan crisis of the 1980s?

(A) The gold standard (B) High interest rates (C) The deregulation of the industry (D) Bad loans

Economics