NAIMMCQ Microeconomics Starting initially at potential real GDP, an increase in aggregate demand shifts the aggregate demand curve ______, causing real GDP to________ and the price level to ______.

Starting initially at potential real GDP, an increase in aggregate demand shifts the aggregate demand curve , causing real GDP to and the price level to .

Microeconomics

Starting initially at potential real GDP, an increase in aggregate demand shifts the aggregate demand curve , causing real GDP to and the price level to .

A. outward, rise, fall
B. inward, fall, fall
C. inward, fall, rise
D. outward, fall, fall
E. outward, rise, rise

Answer: E

NAIMMCQ

Starting initially at potential real GDP, an increase in aggregate demand shifts the aggregate demand curve ______, causing real GDP to________ and the price level to ______.

Starting initially at potential real GDP, an increase in aggregate demand shifts the aggregate demand curve ______, causing real GDP to________ and the price level to ______.

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Starting initially at potential real GDP, an increase in aggregate demand shifts the aggregate demand curve , causing real GDP to and the price level to .

Starting initially at potential real GDP, an increase in aggregate demand shifts the aggregate demand curve , causing real GDP to and the price level to .