Multiple Choice
Which of these economic changes was observed during the Great Depression?
A) A fall in the domestic price level leading to an increase in import demand
B) A fall in resource prices leading to an increase in aggregate supply
C) An increase in unemployment leading to a decrease in the aggregate demand
D) An increase in the domestic price level leading to an increase in export demand
E) An increase in real GDP leading to an increase in the real interest rate
Correct Answer:

Verified
Correct Answer:
Verified
Q5: An example of a stock variable in
Q6: Economists use the price index to eliminate
Q7: The figure below shows the aggregate demand
Q8: An increase in wage rate,other things constant,shifts
Q9: Which of these is a likely impact
Q11: The concept of "invisible hand" introduced by
Q12: A period of sustained decline in output
Q13: In combating stagflation,a government-induced:<br>A)increase in aggregate demand
Q14: The mercantilism policy failed to generate gains
Q15: Which of the following economic measures is