Multiple Choice
A negative demand shock causes
A) rising average prices.
B) increased real GDP.
C) increased unemployment.
D) an inflationary gap.
E) none of the above.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q13: Price stability is represented by points on
Q14: The "Yes - Markets Self-Adjust" camp argues
Q15: Higher world oil prices<br>A) decrease short-run aggregate
Q16: The short-run aggregate supply (SAS) curve is
Q17: In the loanable funds market, consumers do
Q19: The "No - Markets Fail Often" camp
Q20: The "No - Markets Fail Often" camp
Q21: The microeconomic law of demand is an
Q22: The short run is a period of
Q23: Improvements in technology result in falling average