Which curve would shift predominantly


Question 1: If nominal GDP rose by 12% and the general price level increased by 5%, then what would be the change in real GDP?

Question 2: What scenario would this be? Boom, Bust, Stagflation or Supply side economic expansion? Why?

Question 3: Which curve would shift predominantly, the aggregate demand curve or the aggregate supply curve and in which direction?

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Microeconomics: Which curve would shift predominantly
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