In a Short- Run Macroeconomic Equilibrium, Real GDP Exceeds Potential

question 359

Multiple Choice

In a short- run macroeconomic equilibrium, real GDP exceeds potential GDP, so if aggregate demand does not change the

• A) long- run aggregate supply curve will shift leftward as the money wage rate falls.
• B) long- run aggregate supply curve will shift leftward as the money wage rate rises.
• C) short- run aggregate supply curve will shift leftward as the money wage rate rises.
• D) short- run aggregate supply curve will shift rightward as the money wage rate falls.

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