A rise in the price level produces a ________ the potential GDP line.
A) rightward shift of
B) movement downward along
C) leftward shift of
D) movement upward along
E) neither a shift of the potential GDP line nor a movement along
Correct Answer:
Verified
Q1: Potential GDP
A)increases as the price level increases
Q2: Moving along the AS curve,when the price
Q4: The slope of the aggregate supply curve
Q5: _ increases the quantity of real GDP
Q7: Which of the following is true?
A)Aggregate supply
Q9: The line showing potential GDP is a
Q12: Which of the following does NOT affect
Q14: Moving along the aggregate supply curve, when
Q14: Other things remaining the same,an increase in
Q16: The real wage rate definitely falls if
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents