Equilibrium GDP in Excess of Potential GDP Eventually Will Cause

question 27

Multiple Choice

Equilibrium GDP in excess of potential GDP eventually will cause the aggregate

• A)demand curve to shift outward.
• B)supply curve to shift outward.
• C)supply curve to shift inward.
• D)demand curve to become flatter.

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Definitions:

Insurance Premiums

The amount paid by an individual or business for insurance coverage, typically charged monthly or annually.

Deducted

The process of subtracting an amount from a total, especially from taxable income or expenses.

Insurance Premiums

Payments made regularly to an insurance company in exchange for coverage.

Dependent

An individual who relies on another, typically a family member, for financial support and can often be claimed for tax purposes.