Which of the Following Statements Is True

question 154

Multiple Choice

Which of the following statements is true?

• A)An increase in potential GDP increases aggregate supply and shifts the AS curve leftward.
• B)A decrease in potential GDP decreases aggregate supply and shifts the AS curve leftward.
• C)An increase in the money wage rate shifts the AS curve rightward.
• D)A fall in the price level shifts the AS curve leftward.
• E)An increase in the money wage rate increases potential GDP.

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Definitions:

Hexanoic Acid

A colorless, oily fatty acid with an odor that resembles that of goats or other barnyard animals, used in flavoring and manufacturing.

Valeric Acid

A saturated fatty acid with the chemical formula C5H10O2, present in valerian root and used in flavoring.

Structural Formula

A representation of the molecular structure of a chemical compound, showing how atoms are arranged within the molecule.

Alcohol Metabolism

The process by which the body breaks down alcohols, primarily ethanol, into acetaldehyde and then acetic acid.