Consider an Economy in Equilibrium, and Assume No Change in Aggregate

question 35

Multiple Choice

Consider an economy in equilibrium, and assume no change in aggregate demand.An earthquake that destroys many factories across the country would result in a(n) :

• A)increase in the average price level and a decrease in real GDP.
• B)increase in the average price level and no change in real GDP.
• C)increase in the average price level and an increase in real GDP.
• D)decrease in the average price level and an increase in real GDP.
• E)decrease in the average price level and a decrease in real GDP.

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Definitions:

Written Referral

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Comprehensive Services

A wide-ranging set of programs or interventions designed to address multiple aspects or dimensions of a problem, issue, or need.

Duplication

The act or process of making an exact copy of something, or repetition of an effort, which can lead to inefficiency or waste in some contexts.

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Something that can be seen, noticed, or measured directly.