A six-month strike by U.S. farmers would
A) have no impact on real GDP but would result in higher food prices.
B) cause aggregate demand to fall.
C) cause a recession that is limited to the farming industry.
D) cause the Phillips curve to shift inward.
E) increase prices at every level of output.
Correct Answer:
Verified
Q51: Figure 16.3 Q52: The hypothesis of political business cycles asserts Q53: If the government fiscal deficit equals $190 Q54: A expansionary real shock shifts the aggregate Q55: The "government budget constraint" 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
A)
A) indicates how a
