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Please answer the following multiple chioce questions, thanks. 5. What could cause the level of real GDP to rise but the price level to falliI
Please answer the following multiple chioce questions, thanks.
5. What could cause the level of real GDP to rise but the price level to falliI a. A rightward shift in the AD curve b. A leftward shift In the AD curve c. A rightward shift in the A5 curve d. A leftward shift In the A5 curve 6. What can cause an decrease In potential GDP? a. An Increase in wages h. A decrease In taxes c. Technological Improvement d. The devastation of resources 1. What is the result of an increase In government spending? a. Adecrease in aggregate supply b. An increase in potential GDP c. An increase in aggregate demand ti. An increase in aggregate demand and aggregate supply ti. What is the result of an increase In the quality of workforce? a. Adecrease in aggregate supply b. An increase in potential GDP c. An increase in aggregate demand ti. An increase in aggregate demand and aggregate supply 9. All of the following, except one, will contribute to economic growth and potential GDP. Which Is the exception? a. Increased levels of human capital b. Higher prices c. Technological improvement d. Increased quantities of natural resources 10. Which of the following would cause a movement from point a to point c? a. An Increase in wealth holdings b. An Increase in government spending c. An Increase in the interest rate d. An Increase in foreign incomesStep by Step Solution
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