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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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8 years ago
The economy is at full employment. If aggregate demand increases,
A) an inflationary gap is created and the AS curve shifts leftward as the money wage rate rises.
B) an inflationary gap is created and the AD curve shifts leftward.
C) an inflationary gap is created and potential GDP increases to close the gap.
D) a recessionary gap is created and the AS curve shifts leftward as the money wage rate falls.
E) a recessionary gap is created and the AS curve shifts leftward as the money wage rate rises.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SydnieSydnie
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8 years ago
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#2
8 years ago
I was confident with my answer, glad it was correct.

Oh, and thumbs-up are more than welcome Slight Smile
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