If GDP Is Above Potential Output, Then We Expect to See

question 145

Multiple Choice

If GDP is above potential output, then we expect to see

• A) increasing wages, causing the short-run aggregate supply curve to shift up.
• B) increasing wages, causing the short-run aggregate supply curve to shift down.
• C) falling wages, causing the short-run aggregate supply curve to shift up.
• D) falling wages, causing the short-run aggregate supply curve to shift down.

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Definitions:

Peer Group

A social group consisting of individuals of similar age, interests, or status, influencing behaviors and attitudes.

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The dynamic, reciprocal exchanges between two or more individuals, including verbal and non-verbal communication.

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A building used for public Christian worship or a Christian religious organization.

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