Consider the AD/AS Model

question 5

Multiple Choice

Consider the AD/AS model.Suppose there is a decrease in aggregate demand and,simultaneously,an increase in aggregate supply.The result will be a

• A)rise in real GDP but price level changes will be indeterminate.
• B)rise in real GDP and a rise in the price level.
• C)rise in real GDP and a fall in the price level.
• D)an indeterminate change in real GDP and a rise in the price level.
• E)an indeterminate change in real GDP and a fall in the price level.

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Definitions:

Technical Skills

Specific abilities and knowledge related to practical tasks within particular fields, requiring specialized training or experience.

Supervisor

A person in authority who oversees and directs the work of others, ensuring tasks are completed efficiently and effectively.

Smartphone Ringtone

A specific sound set on a smartphone that plays to alert the user of an incoming call, message, or notification.

Jackhammering

typically refers to the operation of a jackhammer tool for breaking up concrete or rock, or metaphorically, it could mean persistently working or questioning in a forceful manner.