True/False
If AD shifts to the right when the output gap is small then both national income and prices will rise quickly.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q46: Policy makers who believe in the Laffer
Q47: Refer to diagram 2 below, if supply-side
Q48: Explain what is meant by the free-rider
Q49: Refer to table 1, which shows
Q50: With deregulated markets the government should:<br>A) Ensure
Q52: What is the Laffer curve and how
Q53: If tax rates are increased then:<br>A) The
Q54: What is meant by freeing up the
Q55: Diagram 1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7553/.jpg" alt="Diagram 1
Q56: The aggregate supply curve would shift to