If the Economy's AS Curve Is Upward Sloping,a Negative Shock

question 127

Multiple Choice

If the economy's AS curve is upward sloping,a negative shock to aggregate demand will result in

• A)an increase in prices and no change in real GDP.
• B)a decrease in prices but no change in real GDP.
• C)an increase in real GDP and no change in prices.
• D)an increase in both real GDP and prices.
• E)a decrease in both real GDP and prices.

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Definitions:

Pteridophyta

Pteridophyta refers to a group of vascular plants that reproduce via spores and do not produce flowers or seeds, commonly known as ferns.

Anthocerophyta

A phylum of plants known as hornworts, characterized by a flat thallus and a sporophyte that resembles a long horn.

Bryophyta

A group of non-vascular plants comprised of mosses, liverworts, and hornworts, noted for their prevalent gametophyte stage.

Horsetails

A group of vascular plants in the genus Equisetum, known for their jointed, hollow stems and reproduction through spores, not seeds.