1- A decrease in aggregate demand that brings a movement down along the aggregate supply curve lowers the price level and __________ real GDP….

1- A decrease in aggregate demand that brings a movement down along the aggregate supply curve lowers the price level and __________ real GDP.

Question 29 options:

does not affect

decreases

increases

varies with

2- The short-run Phillips curve is another way at looking at the __________.

equilibrium expenditure

AD curve

aggregate supply (AS. curve

potential GDP