Multiple Choice
People expect that the El Nino effect will cause drought in Australia in coming years. If most Australian firms expect their profits will fall during the next five years, Australiaʹs __________this year.
A) aggregate demand will decrease
B) aggregate demand will increase
C) short-run aggregate supply will increase
D) long-run aggregate supply will increase
Correct Answer:
Verified
Correct Answer:
Verified
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