Author Question: According to the AS-AD model, A) the equilibrium is where the AS curve crosses the AD curve, but ... (Read 33 times)

brutforce · **on:** Jun 29, 2018

According to the AS-AD model,

A) the equilibrium is where the AS curve crosses the AD curve, but the amount of real GDP at this point is not always equal to potential GDP.
B) the aggregate quantity supplied is typically greater than the aggregate quantity demanded, thereby leading to unemployment.
C) the aggregate quantity demanded is typically greater than the aggregate quantity supplied, thereby leading to inflation.
D) changes in the amount of potential GDP is the only factor that shifts both the aggregate supply curve and the aggregate demand curve.
E) the AS curve is always equal to potential GDP.

Question 2

Property rights protect

A) only the rights to physical property.
B) rights to physical property, financial property, and intellectual property.
C) the government's right to impose taxes.
D) only the rights to financial property.
E) all rights except rights to intellectual property.