Multiple Choice
The assumption that aggregate demand determines output is reasonable because
A) firms generally operate with some excess capacity.
B) firms usually maintain a supply of inventories.
C) the natural rate of unemployment is between 5 and 6 percent.
D) all of the above.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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Q22: Which of the following statements is true?<br>A)