Author Question: If Year 2 is the base year, the real GDP of Year 1 is A) 800. B) 1050. C) 1900. D) ... (Read 91 times)

jazziefee · **on:** Jun 30, 2018

If Year 2 is the base year, the real GDP of Year 1 is

A) 800.
B) 1050.
C) 1900.
D) 2400.

Question 2

According to the real business cycle model, a rightward shift in the long-run aggregate supply schedule would be caused by ________.

A) a negative supply shock
B) an increase in aggregate demand
C) a positive supply shock
D) a decrease in aggregate demand