According to the consensus view,when demand increases near full employment,
A) The price level increases,but real GDP stays the same.
B) Real GDP increases,but the price level stays the same.
C) Both the price level and real GDP increase.
Correct Answer:
Verified
Q13: Which of the following is an accurate
Q14: Which of the following is consistent with
Q15: A horizontal aggregate supply curve below the
Q16: The closer the economy is to capacity,the
Q17: An aggregate supply curve that is always
Q19: A rightward shift in aggregate demand will
Q20: Which of the following characterizes stagflation?
A)An increase
Q21: A movement along the Phillips curve shows
Q22: According to supply-side theory,which of the following
Q23: An increase in the misery index would
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