Which of the Following Would Cause Prices and Real GDP

question 15

Multiple Choice

Which of the following would cause prices and real GDP to rise in the short run?

• A)short-run aggregate supply shifts right
• B)short-run aggregate supply shifts left
• C)aggregate demand shifts right
• D)aggregate demand shifts left

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Definitions:

Tie Rods

Important components in a vehicle's steering system that connect the steering rack to the wheels, facilitating directional control.

Steering Wheel Indicator Light

A light or symbol on the dashboard that indicates information or warnings related to steering or the vehicle's direction control systems.

Electric Assist System

A system within a vehicle designed to provide supplementary power to assist the driver, often used in steering or braking systems.

Socket

A tool or device into which something else is inserted, often used to refer to a wrench part that fits over a nut or bolt head.