Aggregate Demand (AD)shocks Have a Smaller Effect on Real GDP

question 34

Multiple Choice

Aggregate demand (AD) shocks have a smaller effect on real GDP and a larger effect on the price level,

• A)on the upward- sloping portion of the AS curve.
• B)on the downward- sloping portion of the AS curve.
• C)the steeper the AS curve.
• D)if the AD curve is flatter.
• E)the flatter the AS curve.

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Definitions:

Types of Damages

Damages are monetary compensation awarded in civil litigation for loss or injury suffered by the plaintiff, and they can be classified into compensatory, punitive, special, and general damages.

Gross Negligence

A reckless disregard for the safety or lives of others, showing a substantial failure to perform any due diligence or take reasonable precautions.

Punitive Damages

Monetary compensation awarded to an aggrieved party, beyond actual damages, intended to punish the defendant and deter similar conduct.

Dog Running Free

The act of a dog moving freely in a public or private space without being restrained by a leash or confined area.