Multiple Choice
A scatter diagram of the position of the U.S.economy from 1972 through 2007 with the price level on the vertical axis and real GDP on the horizontal axis would show a movement generally toward the
A) northwest.
B) northeast.
C) southwest.
D) southeast.
Correct Answer:

Verified
Correct Answer:
Verified
Q14: Most economists think that the economy's self-correcting
Q15: One piece of evidence that business fluctuations
Q16: If the aggregate supply curve shifts outward,
Q17: Stimulating demand will improve the unemployment picture
Q18: Keynesian economists generally agree that unemployment is
Q20: Figure 33-8<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 33-8
Q21: Figure 33-6<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8592/.jpg" alt="Figure 33-6
Q22: Supply-side inflation is the rise in price
Q23: Which of the following could trigger demand-side
Q24: Adverse shocks such as the crop failures