An Aggregate Demand Shock Will Have a Large Effect on Real

question 135

Multiple Choice

An aggregate demand shock will have a large effect on real GDP and a small effect on the price level when

• A)the AS curve is steep.
• B)the AD curve intersects the AS curve on the downward-sloping portion of the AS curve.
• C)the AS curve is close to horizontal.
• D)the AS curve is vertical.
• E)the AD curve is steep.

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Definitions:

Hepatitis A

A highly contagious liver infection caused by the hepatitis A virus, typically transmitted through ingestion of contaminated food or water.

Alcohol-Based

Refers to products, particularly sanitizers or disinfectants, that contain a significant percentage of alcohol to kill bacteria and viruses.

Washing Hands

The act of cleaning one's hands with soap and water or an alcohol-based hand rub to reduce the spread of germs and prevent infections; a rephrased definition of Hand Hygiene.

Contact Isolation

Infection control measures designed to prevent the spread of diseases that can be transmitted through direct or indirect contact with an infected individual.