GAAGS PRouise assessment id 9585 QUESTION 27 A decrease in aggregate supply will
ID: 1102458 • Letter: G
Question
GAAGS PRouise assessment id 9585 QUESTION 27 A decrease in aggregate supply will cause the price level to: o rise and GDP to fall. rise and GDP to rise. O rise and the unemployment rate to fall. O fall and GDP to rise. O fall and the unemployment rate to rise. QUESTION 28 A reduction in regulation will shift the aggregate: O supply curve leftward. O supply curve rightward O demand curve leftward O demand curve rightward. QUESTION 29 A rightward shift in the aggregate demand curve can be caused by an increase in: O the price levell. business investment spending taxes production costs. QUESTION 30 Along the intermediate range of the aggregate supply curve, an increase in the aggre Click Save and Submit to save and submit. Click Save All Answers to save all answeExplanation / Answer
27. (i) Rise and GDP to fall.
(The aggregate supply shifts upward increasing price level and decreasing GDP output)
28. (ii) Supply curve rightward.
29. (ii) Business investment spending.
33. (v) The AS curve shift to the right.
34. (ii) High unemployment and rapid inflation.
35. (II) Aggregate demand.
36. (iii) Increased investment spending.
37. (iv) Government revenues equal government expenditures.
38. (ii) Fiscal policy.
*****
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.