Multiple Choice
When firms cut back production:
A) they employ more people, so unemployment rises
B) they employ more people, so unemployment falls
C) they employ fewer people, so unemployment rises
D) they employ fewer people, so unemployment falls
Correct Answer:
Verified
Correct Answer:
Verified
Q16: What causes shifts in the aggregate demand
Q17: If there is an excess demand situation
Q18: For a given level of inflation, if
Q19: When the price level falls:<br>A)households try to
Q20: What are three alternative explanations for the
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Q23: The short-run aggregate curve's shape is affected
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