If the AS Curve Is Vertical,then It Follows That

question 36

Multiple Choice

If the AS curve is vertical,then it follows that

• A) Real GDP changes will always arise from the supply side of the economy.
• B) Real GDP changes will always arise from the demand side of the economy.
• C) Price level changes will always arise from the demand side of the economy.
• D) Price level changes will always arise from the supply side of the economy.
• E) a and c

---

Definitions:

Linear Trend Line

A straight line that best represents the data trend in a scatter plot, showing the direction and rate of change.

Hoagie Sales

Refers to the business activity of selling hoagies, which are sandwiches made on a long Italian roll filled with meats, cheese, vegetables, and condiments.

Seasonal Indexes

Statistical measures used to track and analyze seasonal variations in data over specific periods of time.

Moving Average

A statistical technique used to smooth out data by creating a constantly updated average of prices over a specific period of time, often used in technical stock analysis.