Multiple Choice
When resources are at full capacity, output is less responsive to changes in ____ and the price level is ____.
A) prices; stable
B) prices; less responsive
C) aggregate demand; highly responsive
D) aggregate demand; less responsive
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: A given change in either someone's income
Q2: When all the factors of aggregate expenditure
Q3: An increase in household debt will lead
Q4: If consumption were a direct function of
Q6: The expenditure multiplier only considers the impact
Q7: The concept of cost-push inflation cannot be
Q8: A change in taxes of a given
Q9: The Keynesian-cross model implies that changes in
Q10: When the Keynesian-cross model is in equilibrium,
Q11: Which of the following changes in disposable