Which of the Following Would Cause Prices and Real GDP

question 15

Multiple Choice

Which of the following would cause prices and real GDP to rise in the short run?

• A)short-run aggregate supply shifts right
• B)short-run aggregate supply shifts left
• C)aggregate demand shifts right
• D)aggregate demand shifts left

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Definitions:

Insured

An individual or entity covered by an insurance policy, receiving protection against specified losses or damages.

Real Property

Land and anything permanently attached to it, such as buildings, often considered immovable.

Adverse Possession

A legal principle that allows a person to claim ownership of land after occupying it for a certain period, under certain conditions.

Driveway

A private road leading from a public way to a building or dwelling on a piece of land, meant to facilitate vehicle access.