A Study of the U

question 51

Multiple Choice

A study of the U.S.price level and real GDP from 1972 to 2007 reveals a clear upward march toward higher prices and greater output.What explains this?

• A)Both the aggregate demand curve and the aggregate supply curve have shifted to the left year after year.
• B)Both the aggregate demand curve and the aggregate supply curve have shifted to the right year after year.
• C)The aggregate supply curve has shifted to the right, while the aggregate demand curve has shifted to the left.
• D)The aggregate supply curve has shifted to the left, while the aggregate demand curve has shifted to the right.

---

Definitions:

Variance

A measure of the dispersion or spread of a set of numbers, calculated as the average of the squared differences from the Mean.

Controlled Collisions

Experiments or tests in which the conditions of a crash or impact are precisely controlled to observe outcomes or test hypotheses.

Compact Automobiles

Small cars designed with efficiency in mind, offering better fuel economy and ease of parking due to their reduced size.

Total Damage

The comprehensive quantification of harm or loss, often used in contexts like natural disasters, accidents, or cyber-attacks.