Q16. Real GDP can pass potential GDP but only in the

a.long run.

b.intermediate run.

c.short run.

Q18. As the aggregate price level in an economy rises, ________.

a.real GDP increases

b.aggregate supply increases

c.aggregate demand increases

q19. On the far left side of the AS curve, the economy is producing ________ potential, and on the far right of the curve, it is producing ________ potential.

a.at; below

b.below; above

c.above; below