The Figure Below Shows the Aggregate Demand and Supply Curves

question 23

Multiple Choice

The figure below shows the aggregate demand and supply curves for the U.S. The figure given below shows that between period 1 and period 2 nominal GDP changed from $40,000 to:

• A) $18,000 and back again.
• B) $18,000 and stayed there.
• C) $18,000 in period 1 and to $10,000 in period 2.
• D) $10,000 in period 1 and stayed there in period 2.
• E) $10,000 in period 1 and to $18,000 in period 2.

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Definitions:

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A research method where respondents are randomly selected and interviewed in public places, such as shopping malls or on the street, to gather immediate feedback or opinions.

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Mail Survey

A research method where questionnaires are sent via postal mail to selected participants to gather feedback or opinions.

Online Survey

A data collection method where questionnaires are distributed and filled out by respondents over the Internet.