True/False
Since inflation tends to rise when the percentage deviation of real GDP from potential GDP is positive, the aggregate demand curve must be upward-sloping.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q45: If interest rates increase, savings will increase,
Q46: There is an inverse relationship between real
Q47: If firms and workers expect prices to
Q48: In order for the aggregate demand (AD)
Q49: According to the monetary policy rule, the
Q51: An increase in real interest rates leads
Q52: The positive correlation between real interest rates
Q53: Which of the following best explains why
Q54: A decrease in the target inflation rate
Q55: The Federal Reserve has an explicit inflation