What Would Cause Prices and Real GDP to Rise in the Short

question 6

Multiple Choice

What would cause prices and real GDP to rise in the short run?

• A) short-run aggregate supply shifts right
• B) short-run aggregate supply shifts left
• C) aggregate demand shifts right
• D) aggregate demand shifts left

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Definitions:

Uncollectible

Uncollectible refers to debts or receivables that are deemed to be impossible to collect, often resulting in a write-off by the business.

Maturity Value

The amount that will be received at the end of a bond or other debt instrument's term.

Face Value

The nominal or dollar value printed on a security or currency, representing its legal value.

Note Receivable

A written promise for amounts to be received by a business, typically including interest.