If the aggregate demand curve shifts rightward less than expected
What will be an ideal response?
real GDP will be less than potential GDP.
You might also like to view...
Making bread at home would be more efficient than making it in commercial bakeries
A) for people who place a sufficiently high value on home baked bread. B) if the ingredients used to make bread increased sufficiently in price. C) if the price of bread made in commercial bakeries did not reflect the efficiency of bakeries. D) if there were no labor costs in home baked bread.
Which of the following is NOT correct about required reserve ratio?
What will be an ideal response?
Which of the following is a non-price determinant of supply?
A. technological advances in production B. the number of consumers C. consumers' incomes D. the price of related goods consumers may buy
How would economic growth be shown in a production possibilities graph and in a graph of long-run aggregate supply?
What will be an ideal response?