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Author Question: When aggregate demand increases, there is a movement ________ along the AS curve and ________. A) ... (Read 46 times)

jman1234

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on: Jun 29, 2018
When aggregate demand increases, there is a movement ________ along the AS curve and ________.
 
  A) up; an upward shift of the short-run Phillips curve
  B) down; a movement down along the short-run Phillips curve
  C) up; a movement up along the short-run Phillips curve
  D) up; a movement down along the short-run Phillips curve
  E) down; a downward shift of the short-run Phillips curve

Question 2

According to Okun's Law, if the natural unemployment rate is 5 percent, the actual unemployment rate is 4 percent, and potential GDP is 15 trillion, then actual real GDP is
 
  A) 14.7 trillion. B) 15.4 trillion. C) 15.0 trillion. D) 12.0 trillion. E) 15.3 trillion.


tmlewis4706

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

E


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