Multiple Choice
The 2008-2009 recession must have been a result of ________ because otherwise the combination of the ________ cannot be explained.
A) a decrease in AD and an increase in AS;fall in the price level and the decrease in real GDP
B) a decrease in AD and an increase in AS;rise in the price level and the decrease in real GDP
C) an increase in AD and AS;rise in the price level and the decrease in real GDP
D) a decrease in AD and AS;rise in the price level and the decrease in real GDP
E) a decrease in AD and AS;decrease in the price level and the decrease in real GDP
Correct Answer:
Verified
Correct Answer:
Verified
Q1: If there is an increase in expected
Q3: According to the AS-AD model,<br>A)the aggregate quantity
Q4: If demand pull inflation occurs when the
Q5: Over a business cycle,the quantities of capital,human
Q6: Give examples of factors that decrease aggregate
Q7: The quantity of real GDP supplied _
Q8: When the U.S.price level rises relative to
Q9: "The aggregate demand multiplier results in the
Q10: A rise in the price level brings
Q11: When the aggregate supply curve intersects the