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1. An above-full-employment equilibrium occurs when Group of answer choices aggregate demand decreases while neither the...

1. An above-full-employment equilibrium occurs when

Group of answer choices

aggregate demand decreases while neither the short-run nor long-run aggregate supply changes.

short-run aggregate supply decreases while neither aggregate demand nor long-run aggregate supply changes.

the equilibrium level of real GDP is greater than potential GDP.

the equilibrium level of real GDP is less than potential GDP.

2.

Which of the following shifts the aggregate demand curve rightward?

Group of answer choices

a decrease in consumption

an increase in investment

a decrease in net exports

a decrease in government expenditure on goods and services

3.

A change in ________ results in a movement along the short-run aggregate supply curve but does not shift the short-run aggregate supply curve.

Group of answer choices

the money wage rate

technology

the quantity of capital

the price level

4.

When the price level rises, the long-run aggregate supply curve

Group of answer choices

shifts rightward.

does not shift.

slopes upward.

shifts leftward.

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Answer #1

1. The equilibrium level of real GDP is greater than potential GDP.

2. An increase in investment

3. The price level.

4. Does not shift

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