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Author Question: The change in potential real GDP and aggregate supply shown in the graph above can be a result of ... (Read 70 times)

scienceeasy

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  • Posts: 565
on: Jun 29, 2018
The change in potential real GDP and aggregate supply shown in the graph above can be a result of
 
  A) a fall in the price level.
  B) a decrease in the money wage rate.
  C) an increase in the real wage rate.
  D) an increase in the quantity of capital.
  E) a decrease in the money price of oil.

Question 2

The productivity curve shifts upward when
 
  A) technology advances.
  B) physical capital increases.
  C) hours of labor increase.
  D) hours of labor decrease.
  E) human capital decreases.


djofnc

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

D

Answer to Question 2

A


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