If Real GDP Is Less Than Potential GDP,then the ________

question 202

Multiple Choice

If real GDP is less than potential GDP,then the ________ and the price level ________.

• A)aggregate demand curve shifts leftward;rises
• B)aggregate demand curve shifts rightward;falls
• C)aggregate supply curve shifts leftward;rises
• D)aggregate supply curve shifts rightward;falls
• E)amount of potential GDP increases;falls

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Definitions:

Empirical Evidence

Information that is obtained through observation and documentation of patterns and behavior through experimentation or observation.

Androgens

Steroid hormones, such as testosterone, that stimulate or control the development and maintenance of male characteristics in vertebrates by binding to androgen receptors.

Anatomical Differences

Variations in the physical structure of organisms, often compared within or between species.

Ostracism

The exclusion from a society or group, typically as a method of punishing or deterring undesirable behavior.