Multiple Choice
An output gap occurs when:
A) aggregate demand does not equal short-run aggregate supply.
B) aggregate demand equals long-run aggregate supply.
C) aggregate demand equals short-run aggregate supply but not long-run aggregate supply.
D) short-run aggregate supply equals long-run aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
Q7: One way inflation reduces aggregate demand is
Q28: Each of the following factors contribute to
Q32: The point where the central bank's target
Q50: In the face of constant velocity, explain
Q54: Use the equation of exchange to show
Q69: Use the monetary policy reaction curve to
Q71: A rightward shift in the dynamic aggregate
Q74: The dynamic aggregate demand curve has a
Q91: Which of the following statements is most
Q102: Evidence seems to point out that just