Due Date: Lock Date: Status: Weight:

Due Date: Lock Date: Status: Weight: 1. In the aggregate demand-aggregate supply model, economic growth can be illustrated by ana) inward shift of the aggregate supply curveb) inward shift of the aggregate demand curvec) outward shift of the aggregate supply curve2. According to the text, the government can use aggregate demand management policies to reduce unemployment rates. A byproduct of this policy will bea) an increase in the budget surplusb) a decrease in real GDPc) a decrease in the price leveld) an increase in the price level3. In periods of rising pricesa) nominal GDP will not grow at allb) nominal GDP will grow faster than real GDPc) nominal GDP will grow slower than real GDPd) nominal GDP and real GDP will grow at the same rate