If Potential GDP Increases,then the

question 5

Multiple Choice

If potential GDP increases,then the

• A)aggregate supply curve shifts rightward.
• B)real wage rate increases.
• C)real wage rate falls.
• D)aggregate demand curve shifts rightward.
• E)aggregate supply curve shifts leftward.

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Definitions:

Crops

Cultivated plants or agricultural produce, such as grain, vegetables, or fruit, grown and harvested extensively for profit or subsistence.

Great League Of Peace

An alliance of the Iroquois tribes, originally formed sometime between 1450 and 1600, that used their combined strength to pressure Europeans to work with them in the fur trade and to wage war across what is today eastern North America.

Iroquois

A historically powerful and influential group of Native American tribes in the northeastern United States, known for their sophisticated political system and the Iroquois Confederacy.

Centralized Authority

A system where decision-making and power are concentrated in a central group or location.