Author Question: Given a downward-sloping aggregate demand curve, if short-run aggregate supply increases, real GDP ... (Read 160 times)

123654777 · **on:** Jun 30, 2018

Given a downward-sloping aggregate demand curve, if short-run aggregate supply increases, real GDP must increase and nominal GDP must fall.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of these is most likely to lower the velocity of money?
a. A commercial innovation that facilitates exchange
b. A low inflation rate
c. A decline in the effectiveness of money as a store of wealth
d. A high inflation rate
e. A weekly pay for workers instead of a monthly pay