Question
An economy hit by a shock that results in a decrease in the price level and an increase in real GDP is likely the result
An economy hit by a shock that results in a decrease in the price level and an increase in real GDP is likely the result of a _____ shock.
a.Negative AS.
b.Positive AS.
c.Positive AD.
d.Negative AD.
e.Negative technology.
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Essentials of Economics
Authors: N. Gregory Mankiw
8th edition
1337091995, 978-1337515351, 1337515353, 978-1337091992
