A sustained increase in total output is possible only if the aggregate curve shi

Question

A sustained increase in total output is possible only if the aggregate curve shifts to the Demand; left O Supply, left O Supply; right Demand; right QUESTION2 A reduction in private-sector borrowing and spending caused by increased government borrowing is known as: Crowding up. OOver crowding O Crowding out. O Crowding in. QUESTION 3 Long-run economic growth is consistent with: An increase in GDP per capita. Expanding the production possibilities curve An increase in government spending Expanding the aggregate demand curve.

Explanation / Answer

Ans : A sustained increase in total output is possible only if the aggregate supply curve shifts to the right.

2. Ans: Crowding out

3. Ans: Expanding the production possibilities curve.

4. Ans: GDP per capita

Explanation:

GDP per capita is the true indicator of standard of living.

GDP per capita = GDP / Total population of that country

5. Ans:Saving is diverted from business investment to government spending.

6. Ans : Expansion of the production possibilities curve.

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