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:

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone, commonly known as the collarbone.

Solid Matter

Substances that are firm and maintain a fixed volume and shape, as opposed to liquids or gases.

Bone

A dense, hard connective tissue composing the skeleton of most vertebrates, providing support, protection, and aiding in movement.

Calcified

Having deposits of calcium salts within tissues, which can indicate aging or pathological changes.