Economists Who View the AS Curve as Upward-Sloping Believe That

question 44

Multiple Choice

Economists who view the AS curve as upward-sloping believe that changes on the demand side _______ result in changes in Real GDP in the short run.Economists who view the AS curve as vertical believe that government changes from the demand side________________ to raise Real GDP in the short run.

• A) cannot; can do many things
• B) may; cannot do anything
• C) may; can do many things
• D) cannot; cannot do anything

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Definitions:

Oxygen

is a chemical element with symbol O, essential for most life on Earth, particularly for the process of cellular respiration.

Carbon Dioxide

A gas that is transparent and lacks smell, created during the burning of organic materials and the process of respiration.

Cell Membrane

The semipermeable membrane surrounding the cytoplasm of a cell, controlling the movement of substances in and out.

Lungs

Organs in the chest involved in the respiratory system where blood exchanges oxygen and carbon dioxide.