If the aggregate supply curve is upward-sloping,a decrease in aggregate demand will cause
A) A decrease in the price level and an increase in unemployment.
B) A decrease in the price level and a decrease in unemployment.
C) An increase in the price level and an increase in unemployment.
Correct Answer:
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Q1: The idea that a shift in aggregate
Q2: A rightward shift in aggregate demand will
Q4: The total quantity of output producers are
Q5: The Phillips curve shows
A)A historical (inverse)relationship between
Q6: In the simple Keynesian model,
A)Inflation becomes a
Q7: Monetarists assert that changes in the money
Q8: A leftward shift in aggregate demand will
Q9: Which of the following shifts,ceteris paribus,will cause
Q10: The consensus view
A)Incorporates only the Keynesian perspective.
B)Incorporates
Q11: Which view of aggregate supply predicts that
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