Multiple Choice
What impact will a negative demand shock have on the main measures of economic performance?
A) Real GDP will increase and unemployment will decrease.
B) Real GDP will decrease and unemployment will increase.
C) Real GDP will decrease and unemployment will decrease.
D) Real GDP will increase and unemployment will increase.
Correct Answer:
Verified
Correct Answer:
Verified
Q62: Because prices are sticky, a positive demand
Q63: Economists and policymakers are committed to encouraging
Q64: What are demand shocks? Describe a positive
Q65: Which of the following statements is true?<br>A)
Q66: Suppose a small economy produces only MP3
Q68: When firms face reduced demand for their
Q69: In economics, the word "shocks" refers to<br>A)
Q70: Which of the following is not a
Q71: Real GDP can change due to changes
Q72: Which of the following is used to