Output would decrease, employment would decrease, and the price level would decrease O Output would decrease, employment would decrease, and the price level would increase O Output would decrease, employment would increase, and the price level would increase. O Output would increase, employment would increase, and the price level would decrease O Output would increase, employment would increase, and the price level would increase Question 2 Multiple Choice Worth 5 points) (03.06 MC) apeitely adre, ceteris panous Assume the price level is increasing real GDP is decreasing, and the unemployment rate is increasing which event would explain this macroeconomic situation? OA positive supply shock OA negative supply shock OA positive demand shock OA negative demand shock O insufficient data

Output would decrease, employment would decrease, and the price level would decrease O Output would decrease, employment would decrease, and the price level would increase O Output would decrease, employment would increase, and the price level would increase. O Output would increase, employment would increase, and the price level would decrease O Output would increase, employment would increase, and the price level would increase Question 2 Multiple Choice Worth 5 points) (03.06 MC) apeitely adre, ceteris panous Assume the price level is increasing real GDP is decreasing, and the unemployment rate is increasing which event would explain this macroeconomic situation? OA positive supply shock OA negative supply shock OA positive demand shock OA negative demand shock O insufficient data

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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