Author Question: An increase in the price level shifts the aggregate demand curve to the left. Indicate whether ... (Read 169 times)

Sufayan.ah · **on:** Jun 29, 2018

An increase in the price level shifts the aggregate demand curve to the left.

Indicate whether the statement is true or false

Question 2

If the per-worker production function shifts up,

A) negative technological change has occurred in the economy.
B) it now takes more capital per hour worked to get the same amount of real GDP per hour worked.
C) an economy can increase its real GDP per hour worked without changing the level of capital per hour worked.
D) the per-worker production function becomes flatter.