Insufficient demand leads to a:
A) surplus and falling prices.
B) shortage and falling prices.
C) shortage and rising prices.
D) surplus and rising prices.
Correct Answer:
Verified
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
Q7: What is insufficient demand?
A)too many buyers for
Q8: Insufficient demand occurs when:
A)there is a shortage
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
Q13: Consumer confidence in the economy increases greatly,
Q14: In 2008, consumer confidence fell in the
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents