Over the Horizontal Range of the Economy's AS Curve (Assuming

question 75

Multiple Choice

Over the horizontal range of the economy's AS curve (assuming such a range exists) , a leftward shift of the AD curve will result in

• A)a decrease in both real GDP and prices.
• B)an increase in prices and no change in real GDP.
• C)a decrease in real GDP but no change in prices.
• D)an increase in real GDP and no change in prices.
• E)an increase in both real GDP and prices.

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Definitions:

Flow of Matter

The movement and cycling of chemical elements and compounds in different forms across various components of the Earth's ecosystem.

Life

A characteristic that distinguishes physical entities with biological processes, such as signaling and self-sustaining processes, from those that do not.

Dissolved Ozone

Ozone that is dissolved in water, used as a disinfectant for treating drinking water or in swimming pools to kill bacteria and other microorganisms.

Aquatic Ecosystems

Water-based environments, including oceans, rivers, lakes, and wetlands, where plants and animals interact within a hydrological system.