Multiple Choice
If, when recovering from an inflationary period, the inflation rate declines and the unemployment rate also declines, this could be the result of
A) aggregate supply increasing at a faster rate than aggregate demand is decreasing.
B) aggregate supply increasing at a slower rate than aggregate demand is decreasing.
C) aggregate supply decreasing at a faster rate than aggregate demand is decreasing.
D) aggregate supply decreasing at a faster rate than aggregate demand is increasing.
Correct Answer:
Verified
Correct Answer:
Verified
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