Author Question: On the long-run aggregate supply curve, A) an increase in the price level increases the level of ... (Read 128 times)

@Brianna17 · **on:** Jun 29, 2018

On the long-run aggregate supply curve,

A) an increase in the price level increases the level of potential GDP.
B) an increase in the price level has no effect on the aggregate quantity of GDP supplied.
C) an increase in the price level reduces the aggregate quantity of GDP supplied.
D) an increase in the price level increases the aggregate quantity of GDP supplied.

Question 2

Which of the following would increase the current account balance of the United States?

A) an increase in the balance of trade
B) an increase in imports
C) an increase in the amount of income U.S. companies pay out to foreigners who own investments in the United States.
D) an increase in the amount of money the U.S. government sends in foreign aid to other countries