Multiple Choice
When ________, the price level rises, inventories decrease and firms respond by increasing output and employment.
A) aggregate demand increases
B) aggregate demand decreases
C) aggregate supply decreases
D) aggregate supply increases
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q23: At the natural rate of unemployment, frictional
Q24: Refer to the information provided in Figure
Q25: The relative-wage explanation for the existence of
Q26: Refer to the information provided in Figure
Q27: If the unemployment rate rises above the
Q29: The _ unemployment rate can be pushed
Q30: If cost-of-living adjustments are written into labor
Q31: Refer to the information provided in Figure
Q32: Refer to the information provided in Figure
Q33: The classical view of the labor market