Multiple Choice
According to aggregate demand and supply analysis,the negative supply shocks of 1973-1975 and 1978-1980 had the effect of
A) increasing aggregate output,lowering unemployment,and raising the price level.
B) decreasing aggregate output,raising unemployment,and raising the price level.
C) increasing aggregate output,raising unemployment,and raising the price level.
D) decreasing aggregate output,raising unemployment,and lowering the price level.
Correct Answer:
Verified
Correct Answer:
Verified
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