From One Period to the Next,the Change in Real GDP

question 106

Multiple Choice

From one period to the next,the change in real GDP depends on the shift in aggregate demand

• A)but not on how SAS might shift.
• B)and on SAS,but only if it also shifts.
• C)and on SAS,but only if it is horizontal.
• D)and on the slope and shifting of SAS.

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Definitions:

Parking Permit

A document or card that authorizes a vehicle to be parked in a designated area or parking lot for a period.

Ratio

A quantitative relationship between two numbers showing how many times the first number contains the second.

Proportion

A part, share, or number considered in comparative relation to a whole.

Overhead

The ongoing business expenses not directly attributed to creating a product or service, such as rent, utilities, and administrative costs.