Economic Growth Implies a

question 82

Multiple Choice

Economic growth implies a

• A)Rightward shift of the aggregate demand curve.
• B)Rightward shift of the short-run aggregate supply curve.
• C)Leftward shift of the long-run aggregate supply curve.
• D)Rightward shift of the long-run aggregate supply curve.

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Definitions:

Principle

The original sum of money borrowed in a loan, or the amount of the investment before interest.

Interest

The cost of borrowing money or the return on investment, calculated as a percentage of the principal sum.

Loan

A sum of money borrowed that is expected to be paid back with interest.

Discount Rate

It’s the rate used in discounted cash flow analysis for calculating the present worth of cash flows expected in the future.