If the data show that periods of high economic growth rate are accompanied by high inflation rates, then changes in aggregate demand are the primary source of economic fluctuations.
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Q48: When the expenditure schedule is too high,
Q49: Over time, aggregate demand and aggregate supply
Q50: Economists generally assume that there is a
Q51: From 2005 to 2006, the U.S.economy experienced
Q52: As long as the multiplier process is
Q54: An increase in the nominal wage shifts
Q55: Stagflation exists when prices rise and output
Q56: Inflation can be caused either by rapid
Q57: The typical results of an adverse supply
Q58: Recessionary gap arises when
A)inventory stock falls.
B)government spending
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