Over the Horizontal Range of the Economy's AS Curve (Assuming

question 1

Multiple Choice

Over the horizontal range of the economy's AS curve (assuming such a range exists) ,a rightward shift of the AD curve will result in

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

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Definitions:

Section 1231 Property

Property related to the business or trade, the sale of which may result in ordinary income or capital gains treatment depending on the specifics of the transaction.

Trade or Business

Activities conducted for the purpose of income or profit, engaged in consistently and regularly to qualify as deductible business expenses.

Copyright

Legal protection given to creators of original works, including the right to copy, distribute, and adapt the creation.

Schedule D

A tax form used to report capital gains and losses incurred during a specific year.