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Author Question: A lower price level combined with a decrease in real GDP occurs when the A) short-run aggregate ... (Read 37 times)

swpotter12

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A lower price level combined with a decrease in real GDP occurs when the
 
  A) short-run aggregate supply curve shifts rightward.
  B) short-run aggregate supply curve shifts leftward.
  C) aggregate demand curve shifts rightward.
  D) aggregate demand curve shifts leftward.

Question 2

Today, the United States is a
 
  I. net borrower.
  II. net lender.
  III. debtor nation.
  IV. creditor nation.
  A) I and IV
  B) II and IV
  C) I and III
  D) II and III



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mk6555

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Answer to Question 1

D

Answer to Question 2

C




mk6555

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