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2020 -- Quiz 6 - Name ECO 2020(902 11656 Jinghua Huang QUIZ...

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Name: __________________________________________ Date: _________________ ECO 2020 (902) 11656 QUIZ 6 Wayne State University Instructor: Jinghua Huang Fall 2011 Multiple Choice: Identify the letter of the choice that best completes the statement or answers the question. 1. The intersection of the inflation adjustment line and the aggregate demand curve is used to predict A) real GDP and the real rate of interest. B) where real and potential GDP are equal. C) real GDP and inflation. D) where real GDP equals nominal GDP. E) where potential and nominal GDP are equal. 2. In order for the aggregate demand ( AD ) curve to be downward-sloping,
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