If Potential GDP Increases,then the

question 242

Multiple Choice

If potential GDP increases,then the

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

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Definitions:

Consumers

Individuals or groups who purchase products or services for personal use rather than for manufacturing or resale.

Retail Partner

A business alliance between manufacturers and retail stores, where both parties work together to sell products to the end consumer, often involving special agreements or exclusive deals.

Michael Kors

A globally recognized luxury fashion brand known for its handbags, clothing, and accessories, founded by the designer Michael Kors.

Macy's

An American department store chain known for its wide range of consumer goods, including clothing, accessories, and home furnishings.