If a country currently produces a mix of output that lies inside its production possibilities curve,then macro stabilization policies try to
A) Shift the aggregate demand curve to the right.
B) Shift the aggregate demand curve to the left.
C) Shift the short-run aggregate supply curve to the left.
Correct Answer:
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Q2: A sustained increase in total output is
Q3: In the short run,movement toward a fixed
Q4: Economists define economic growth in terms of
Q5: Which of the following also occurs as
Q6: The percentage change in real GDP from
Q7: An economy experiences economic growth whenever
A)Nominal GDP
Q8: Economic growth
A)Is measured using real GDP.
B)Shifts the
Q9: Long-run economic growth can occur as the
Q10: If a country moves from a point
Q11: The alternative combinations of final goods and
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