Multiple Choice
A positive aggregate demand shock results in
A) decreased GDP, decreased unemployment and rising prices.
B) increased GDP, decreased unemployment and rising prices.
C) decreased GDP, increased unemployment and falling prices.
D) decreased GDP, increased unemployment and rising prices.
E) increased GDP, increased unemployment and falling prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q122: The largest component of aggregate demand in
Q123: Potential GDP is represented by points 1
Q124: Government can affect both long-run and short-run
Q125: The law of short-run aggregate supply states
Q126: In explaining business investment spending, the "Yes
Q128: The origins of most shocks are internal
Q129: The long-run aggregate supply curve (LAS) is
Q130: The technology boom of the late 1990s
Q131: If the government cuts taxes, this<br>A) decreases
Q132: The "Yes - Markets Self-Adjust" camp argues