Taking into Account the Upward-Sloping Short-Run Aggregate Supply Curve, the Short-Run

question 322

Multiple Choice

Taking into account the upward-sloping short-run aggregate supply curve, the short-run effect of an increase in government expenditure on real GDP is that

• A) real GDP increases by more in the short run than in the long run.
• B) real GDP increases by the same amount in the short run as in the long run.
• C) real GDP increases by less in the short run than in the long run.
• D) real GDP does not change in the short run because the price level increases.

---

Definitions:

Saltwater Aquarium

An aquarium that mimics the ocean environment, housing saltwater fish and other marine life, and requires specific saltwater equipment and maintenance.

Titanium-Clad

Referring to an object or structure that is covered or coated in titanium, often for protection or to enhance durability.

Mixed-Media Experience

An artistic or consumer experience that combines various types of media, such as text, audio, and video.

Salt Lake City Library

A public library located in Salt Lake City, Utah, known for its architecture and extensive collection.