? Along the short-run aggregate supply curve (SRAS), an increase (rightward shift) in the aggregate demand curve will increase:
A. ?both the price level and real GDP.
B. real GDP without raising the price level.
C. the price level without affecting real GDP.
D. ?the price level but reduce real GDP.
Answer: A
You might also like to view...
Vault cash would be considered
A. a primary reserve. B. a secondary reserve. C. both a primary and a secondary reserve. D. neither a primary nor a secondary reserve.
Which of the following will occur as the price of a good decreases?
A. Demand for that good will increase. B. The quantity demanded for that good will increase. C. The demand curve for that good will shift to the right. D. The demand curve for that good will shift to the left.
The prisoner's dilemma shows that
A) players are better off if they act independently. B) a game always ends in a positive sum condition. C) people will always cheat. D) players could be better off if they cooperated.
If there is no output for which TR > TC, a monopolist
A. will not earn a positive economic profit. B. will still earn a positive economic profit. C. will break even. D. must shut down.