A rise in the price level produces ________ the potential GDP line.
A) a rightward shift of
B) a movement downward along
C) a leftward shift of
D) a movement upward along
E) neither a shift of the potential GDP line nor a movement along
Correct Answer:
Verified
Q15: A fall in the real wage rate
Q16: The real wage rate definitely falls if
Q17: An increase in the price level leads
Q18: The aggregate supply curve illustrates that the
A)higher
Q19: Over the business cycle,factors such as the
Q21: When the price level rises and the
Q22: If there is a rise in the
Q23: During 2010,a country reports that its price
Q24: A fall in the price level produces
Q25: The quantity of real GDP supplied increases
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