Suppose our economy is in macroeconomic equilibrium (also called "general equilibrium") with an upward-sloping aggregate supply curve and a downward-sloping aggregate demand curve.  An increase in aggregate demand will:   Question 5 options:   a)  Increase aggregate supply.   b)  Decrease the price level.   c)  Causes the aggregate supply to shift to the right.   d)  Increase real GDP.   e)  Reduce the number of discouraged workers in the unemployment rate.

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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Suppose our economy is in macroeconomic equilibrium (also called "general equilibrium") with an upward-sloping aggregate supply curve and a downward-sloping aggregate demand curve.  An increase in aggregate demand will:

 

Question 5 options:

 

a) 

Increase aggregate supply.

 

b) 

Decrease the price level.

 

c) 

Causes the aggregate supply to shift to the right.

 

d) 

Increase real GDP.

 

e) 

Reduce the number of discouraged workers in the unemployment rate.

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