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:

Reseller Licensing

Authorization given to a business or individual to sell another company's products.

Mixed Branding

A marketing strategy where a company sells products under its own brand name and also under a retailer's brand name.

Co-Branding

A marketing partnership between two or more brands where their products or services are combined or associated with each other to leverage brand equity.

Make a Wish Foundation

A non-profit organization that fulfills life-changing wishes for children with critical illnesses.