What is insufficient demand?
A) too many buyers for too few goods
B) too much supply for too few buyers
C) slow-changing consumer preferences
D) lower equilibrium quantity
Correct Answer:
Verified
Q2: If managers have an expectation of ongoing
Q3: The rate of change of inflation is
Q4: What is excess demand?
A)too many buyers for
Q5: Excess demand occurs when:
A)there is a surplus
Q6: Excess demand leads to a:
A)surplus and falling
Q8: Insufficient demand occurs when:
A)there is a shortage
Q9: Insufficient demand leads to a:
A)surplus and falling
Q10: Inflation expectations refer to the rate at
Q11: Demand-pull inflation is inflation resulting from:
A)a surplus.
B)excess
Q12: When the output gap becomes more positive:
A)prices
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