Multiple Choice
Potential GDP increased from 4.7 trillion to 16.6 trillion between 1970 and 2013 resulting in economic growth.Also,during this time ________ occurred because ________.
A) inflation;aggregate demand decreased by more than potential GDP
B) stagflation;aggregate demand increased by more than potential GDP
C) deflation;aggregate demand increased by more than potential GDP
D) inflation;aggregate demand increased by more than potential GDP
E) inflation;aggregate demand increased by less than potential GDP
Correct Answer:
Verified
Correct Answer:
Verified
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