4. Which one of the following newspaper quotations describes a shift to the left of the potential GDP curve? A) "The decrease in consumer spending may lead to a recession. B) "The increase in consumer spending is expected to lead to inflation, without any increase in real GDP." H C) "Recent higher wage settlements are expected to cause higher inflation this year." D) "The recent tornadoes destroyed many factories in Calgary and Edmonton." "

4. Which one of the following newspaper quotations describes a shift to the left of the potential GDP curve? A) "The decrease in consumer spending may lead to a recession. B) "The increase in consumer spending is expected to lead to inflation, without any increase in real GDP." H C) "Recent higher wage settlements are expected to cause higher inflation this year." D) "The recent tornadoes destroyed many factories in Calgary and Edmonton." "

MACROECONOMICS

14th Edition

ISBN:9781337794985

Author:Baumol

Publisher:Baumol

Chapter6: How Statisticians Measure Inflation

Section6.A: How Statisticians Measure Inflation

Problem 6TY

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