Multiple Choice
The Great Depression showed that the short-run aggregate supply curve and the aggregate demand curve
A) must always intersect at full employment.
B) can intersect at output levels below full employment.
C) must intersect at output levels above full employment.
D) can never lead to deflation.
Correct Answer:
Verified
Correct Answer:
Verified
Q225: Falling interest rates mean increased business investment
Q226: _ inflation occurs when aggregate demand expands
Q227: Rising input prices increase short-run aggregate supply.
Q228: When government spending rises<br>A) aggregate demand rises.<br>B)
Q229: Which of these would cause an increase
Q231: Cost-push inflation occurs when aggregate supply shifts
Q232: _ will MOST likely increase the economy's
Q233: _ are components of consumer spending that
Q234: Economic growth is shown as a _
Q235: The real GDP that firms will produce