What is an entrepreneur?
What will be an ideal response?
Question 2
Refer to Figure 16-12. An increase in government purchases of 200 billion causes aggregate demand to shift ultimately from AD1 to AD2.
Assuming a constant price level, the difference in real GDP between point A and point B will be ________ 200 billion.
A) less than
B) greater than
C) equal to
D) There is insufficient information given here to draw a conclusion.