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

question 84

Multiple Choice

If GDP is ________ potential output, then we expect to see ________ wages, causing the short-run aggregate supply curve to shift up.

• A) above; increasing
• B) above; decreasing
• C) below; increasing
• D) below; decreasing

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Definitions:

Formula Bar

A toolbar at the top of applications like Microsoft Excel which allows users to enter or view equations or formulas that apply to cells in spreadsheets.

Visual Representation

The use of images, diagrams, or animations to depict data and concepts in a visually understandable manner.

Area Chart

A type of graph used in statistics where data points are plotted and then connected by line segments, with the area underneath the line filled in to emphasize the volume.

Find Dialog Box

A feature in software applications that allows users to search for specific text or items within a document or database.