If an increase in the growth rate of AD leads to an increase in real GDP in the
ID: 1101403 • Letter: I
Question
If an increase in the growth rate of AD leads to an increase in real GDP in the short run:
the increase in AD could have been correctly anticipated.
the increase in AD could have been greater than anticipated.
the increase in AD could have been less than anticipated.
the increase in AD could have been any of the above.
the increase in AD could have been correctly anticipated.
the increase in AD could have been greater than anticipated.
the increase in AD could have been less than anticipated.
the increase in AD could have been any of the above.
Explanation / Answer
the increase in AD could have been less than anticipated.