Multiple Choice
Related to the Economics in Practice on p. 227: In the simple "Keynesian" view, if planned aggregate expenditure and aggregate demand exceed capacity output, there is
A) an inflationary gap and price level rises.
B) an inflationary gap and price level falls.
C) a recessionary gap and price level rises.
D) a recessionary gap and price level falls.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: Refer to the information provided in Figure
Q33: Refer to the information provided in Figure
Q34: 11.5 The Long-Run AS Curve<br>Refer to the
Q35: A decrease in government spending shifts aggregate
Q36: The aggregate demand curve is the sum
Q38: An increase in aggregate demand when the
Q39: Refer to the information provided in Figure
Q40: When the interest rate is low, planned
Q41: Which of the following causes a movement
Q42: 11.3 The Final Equilibrium<br>Refer to the information