Automotive firms in Canada switch to a new technology that raises productivity. This event OA. increases the quantity of real GDP demanded OB. increases aggregate demand OC. decreases the quantity of real GDP demanded OD. decreases aggregate demand Autoworkers agree to a lower money wage rate. This event OA. increases the quantity of real GDP demanded OB. decreases aggregate demand OC. increases aggregate demand OD. decreases the quantity of real GDP demanded A The Canadian price level rises. This event, OA. increases the quantity of real GDP demanded B. decreases the quantity of real GDP demanded OC. increases aggregate demand OD. decreases aggregate demand

Automotive firms in Canada switch to a new technology that raises productivity. This event OA. increases the quantity of real GDP demanded OB. increases aggregate demand OC. decreases the quantity of real GDP demanded OD. decreases aggregate demand Autoworkers agree to a lower money wage rate. This event OA. increases the quantity of real GDP demanded OB. decreases aggregate demand OC. increases aggregate demand OD. decreases the quantity of real GDP demanded A The Canadian price level rises. This event, OA. increases the quantity of real GDP demanded B. decreases the quantity of real GDP demanded OC. increases aggregate demand OD. decreases aggregate demand

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter24: The Aggregate Demand/aggregate Supply Model

Section: Chapter Questions

Problem 1SCQ: Describe the mechanism by which supply creates its osi1 demand.

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