Multiple Choice
The "Yes - Markets Self-Adjust" camp argues that a positive demand shock results in
A) falling wages, reducing the excess supply of labour.
B) rising prices, reducing excess demand for products and services.
C) rising wages, reducing excess supply of labour.
D) decreased saving and falling interest rates.
E) falling Canadian average prices, increasing net exports.
Correct Answer:

Verified
Correct Answer:
Verified
Q181: The "Yes - Markets Self-Adjust" camp argues
Q182: When interest rates rise, average prices fall
Q183: The "Yes - Markets Self-Adjust" camp argues
Q184: Unemployment is represented by points on the
Q185: Full employment is represented by points on
Q187: A rise in the price level decreases
Q188: A positive supply shock from falling input
Q189: The language of output gaps - recessionary
Q190: Aggregate demand increases when government increases taxes.
Q191: According to the law of short-run aggregate