In November, 2012, U

question 274

Multiple Choice

In November, 2012, U.S. lawmakers were faced with a "fiscal cliff:" if they did not agree on how to reduce the federal deficit, automatic tax increases and drastic cuts in government spending would take effect. What would happen if the fiscal cliff occurred?

• A) The aggregate demand curve shifts leftward, the price level falls and real GDP decreases.
• B) The aggregate demand curve shifts rightward, the price level rises and real GDP increases.
• C) The short run aggregate supply curve shift leftward, the price level rises and real GDP decreases.
• D) The short run aggregate supply curve shifts rightward, the price level falls and real GDP increases.

---

Definitions:

Working Drawing

Detailed drawings that provide all the information necessary for the manufacture or construction of a part or assembly.

Detailed Drawing

A technical drawing that provides comprehensive details needed to fabricate or manufacture a part, including dimensions, materials, and specifications.

Type of Projection

Refers to the method used in technical drawing and drafting to visually represent three-dimensional objects on two-dimensional surfaces.