Given a Downward-Sloping Aggregate Demand Curve,if Short-Run Aggregate Supply Increases,real

question 96

True/False

Given a downward-sloping aggregate demand curve,if short-run aggregate supply increases,real GDP must increase and nominal GDP must fall.

---

Definitions:

Household Laundry Products

A category of consumer goods including detergents, fabric softeners, and stain removers used in the washing of clothes.

Aluminum

A lightweight, silvery-white metallic element used in a wide range of applications including transportation, construction, and packaging due to its durability and resistance to corrosion.

Marginal Revenue

The additional income from selling one more unit of a good; sometimes equal to price.

Pure Monopoly

A market structure where a single seller controls the entire supply of a product or service, with no close substitutes available.