If Aggregate Supply (Short-Run) increase while Aggregate Demand remains constant, which of the following occurs: (Select all that apply) A. Recession B. Unemployment does not change. C. Inflation D. Equilibrium Price Level decrease E. Unemployment decreases F. Equilibrium RGDP increases

Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter23: Aggregate Demand And Aggregate Supply
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1. If Aggregate Supply (Short-Run) increase while Aggregate Demand remains constant, which of the following occurs: (Select all that apply)

A. Recession

B. Unemployment does not change.

C. Inflation

D. Equilibrium Price Level decrease

E. Unemployment decreases

F. Equilibrium RGDP increases

 

2. Which of the following statements would increase the Aggregate Demand curve? (select all that apply)

A. Decrease in Government Spending

B. Household's wealth decrease.

C. Increased fear that a recession will cause workers to lose their jobs.

D. A 20% decrease in personal income tax rates.

E. Consumer's wealth increase

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