Over a Long Period of Time,perhaps Many Years,changes in Real

question 28

Multiple Choice

Over a long period of time,perhaps many years,changes in real GDP come primarily from

• A)upward shifts of the AS curve.
• B)upward shifts of the AE curve.
• C)rightward shifts of the AD curve.
• D)continuous increases in potential GDP.
• E)leftward shifts of the AD curve.

---

Definitions:

Expected Demand

An estimate of the quantity of a product or service that consumers will purchase in the future, often used for planning and inventory management.

Demand Probability

The likelihood that a specific level of demand will occur within a certain period.

Monte Carlo Simulation

An algorithm that utilizes multiple instances of random sampling to generate numerical outcomes, commonly applied in assessing risks and making decisions.

Cumulative Probability

The probability that a random variable is less than or equal to a specific value, representing the accumulation of individual probabilities.