2. A slowdown in technological progress causes which of the following to increase

a. inflation rate

b. real growth rate

c. position of the Solow Growth curve (rightward shift)

d. position of the AD curve (rightward shift)

3. Which of the following statements is true?

a. real shocks are typically negative shocks

b. real shocks shift the AD curve

c. real shocks cause countercyclical inflation rate movements

d. all of the above

4. The LRAS or Solow Growth curve implies an increase in money growth causes the growth rate in real output to

a. increase

b. decrease

c. remain constant

d. prediction can be made without the AD curve

5. An increase in which of the following shifts the LRAS to the left?

a. money growth

b. inflation rate

c. technological progress

d. relative price of oil