MACROECONOMICS (LL)
21st Edition
ISBN: 9781260186949
Author: McConnell
Publisher: MCG
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Question
Chapter 12.7, Problem 3QQ
To determine
Bringing equilibrium in the economy.
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If the price level and the money wage rate rise by the same percentage, what happens to the quantity of real GDP supplied?
How does the economy move?
If the price level and the money wage rate rise by the same percentage, the quantity of real GDP supplied _______ and there is a movement up along the _______.
A.
does not change; potential GDP line
B.
increases; aggregate supply curve
C.
decreases; potential GDP line
D.
does not change; aggregate supply curve
Thanks!
E4
What is a viable cause for the right shift of this Supply Curve below?
Group of answer choices
Government Budget Deficit
All of the Above
Government Budget Surplus
Investment Tax Incentives
If the price level and the money wage rate rise by the same percentage, what happens to the quantity of real GDP supplied?
How does the economy move?
If the price level and the money wage rate rise by the same percentage, the quantity of real GDP supplied _______ and there is a movement up along the _______.
A.
does not change; potential GDP line
B.
increases; aggregate supply curve
C.
decreases; potential GDP line
D.
does not change; aggregate supply curve
Chapter 12 Solutions
MACROECONOMICS (LL)
Ch. 12.7 - Prob. 1QQCh. 12.7 - Prob. 2QQCh. 12.7 - Prob. 3QQCh. 12.7 - Prob. 4QQCh. 12.A - Prob. 1ADQCh. 12.A - Prob. 2ADQCh. 12.A - Prob. 1ARQCh. 12.A - Prob. 2ARQCh. 12.A - Prob. 1APCh. 12.A - Prob. 2AP
Ch. 12 - Prob. 1DQCh. 12 - Prob. 2DQCh. 12 - Prob. 3DQCh. 12 - Prob. 4DQCh. 12 - Prob. 5DQCh. 12 - Prob. 6DQCh. 12 - Prob. 7DQCh. 12 - Prob. 8DQCh. 12 - Prob. 9DQCh. 12 - Prob. 1RQCh. 12 - Prob. 2RQCh. 12 - Prob. 3RQCh. 12 - Prob. 4RQCh. 12 - Prob. 5RQCh. 12 - Prob. 6RQCh. 12 - Prob. 7RQCh. 12 - Prob. 8RQCh. 12 - Prob. 9RQCh. 12 - Prob. 1PCh. 12 - Prob. 2PCh. 12 - Prob. 3PCh. 12 - Prob. 4PCh. 12 - Prob. 5P
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