Multiple Choice
When aggregate demand meets aggregate supply in the vertical portion of the aggregate supply curve,
A) an increase in demand will cause prices to rise but no change in output.
B) an increase in demand will cause output to rise but no change in prices.
C) an increase in demand will cause prices to fall but no change in output.
D) an increase in demand will cause output to fall but no change in prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q67: All of the following took place during
Q68: An increase in interest rates causes that
Q69: Economic growth would be illustrated by<br>A)a rightward
Q70: If interest rates rise,what will happen to
Q71: Starting from a balanced budget,which of the
Q73: Contractionary fiscal policy can lead to a
Q74: Which of the following is an advantage
Q75: If a component of aggregate demand increases,<br>A)GDP
Q76: Expenditure-switching policies designed to improve a current
Q77: Used alone,an expenditure-reducing policy that lowers aggregate