If Both Real GDP and the General Price Level Fell

question 38

Multiple Choice

If both Real GDP and the general price level fell following the September 11^th terrorist attack,

• A)the negative aggregate supply shock was smaller than the negative aggregate demand shock.
• B)the negative aggregate supply shock was larger than the negative aggregate demand shock.
• C)the aggregate supply shock was negative, but the aggregate demand shock must have been positive.
• D)both the aggregate supply shock and the aggregate demand shock must have been, ironically, positive.

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Definitions:

Study Habits

Regular practices or routines that enhance the effectiveness and efficiency of learning or academic performance.

Concentrate

To focus all one's attention or mental effort on a particular object or activity.

Sociohistorical Context

Refers to the combination of social and historical factors that influence the conditions or events being studied or observed.

Sexual Abuse

Any unwanted sexual act done to someone without consent, often using force, manipulation, or coercion.