Refer to Figure 12-1. Holding everything else constant, an increase in the US re

Question

Refer to Figure 12-1. Holding everything else constant, an increase in the US real GDP growth rate relative to other countries' real GDP growth rate would be represented by a movement from AD_1 to AD_2 AD_2 to AD_1 point A to point B point B to point A None of the above Refer to Figure 12-2. Holding everything else constant, workers and firms previously underestimated the price level would be represented by a movement from SRAS_1 to SRAS_2. SRAS_2 to SRAS_1. point A to point B. point B to point A. None of the above Refer to Figure 12-2. Holding everything else constant, an unexpected an important natural resource would be represented by a movement from SRAS_1 to SRAS_2, SRAS_2 to SRAS_1. point A to point B. point B to point A. None of the above Which of the following correctly describes the automatic mechanism economy adjusts to long-run equilibrium? the leftward shift of the short-run aggregate supply curve that occurs

Explanation / Answer

5. option B is right answer. the real GDP moves towards right when it increases from existing levels.

6. option B is right answer

7. option A is rightr answer

8.

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