Multiple Choice
Suppose GDP is currently at the full employment level. If aggregate demand falls, this will most likely lead to:
A) inflation.
B) an increase in output.
C) no change in output.
D) unemployment.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q11: If households and firms become pessimistic about
Q12: Changes in the unemployment rate over the
Q13: An automobile production line worker who is
Q14: Which of the following best describes cyclical
Q15: Use the following information to answer
Q17: Teenagers are among those most adversely affected
Q18: Suppose the population 16 of years of
Q19: Higher wages due to the minimum wage
Q20: An increase in government spending or taxes
Q21: After their second child was born, Brian