Along the classical or vertical range of the aggregate supply curve, an increase in the aggregate demand curve will increase:
a. both the price level and real GDP.
b. only real GDP.
c. only the price level.
d. real GDP and reduce the price level.
Question 2
If the economy is experiencing an inflationary gap, Keynesian economists advocate allowing flexible wages to shift the short-run aggregate supply curve (SRAC) upward and restore full employment.
a. True
b. False
Indicate whether the statement is true or false
Although Neandertal brain sizes fall well within the modern human range, their EQ is lower than mode
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Compression used to increase circulation when the athlete is clothed.
Sketch the graph of each function using transformations. State the domain and range.
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