The SAS Curve Shifts If There Is a Change in

question 105

Multiple Choice

The SAS curve shifts if there is a change in

• A) nominal GDP.
• B) the price level.
• C) real GDP.
• D) potential GDP.

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Definitions:

Drawer

In a financial context, the person who writes or issues a check or draft instructing a bank to pay a specified sum of money to a designated party.

Liable

Legally responsible or obligated.

Promissory Note

A written and legally binding promise to pay a specific sum of money to a designated party at a specified time or on demand.

Endorsed

The act of signing one's name on the back of a document, typically a financial instrument, indicating approval or transfer of rights.