Which of the following will occur if aggregate demand is above full-employment GDP?
A) Recession
B) Unemployment
C) Inflation
D) A stable economy
Correct Answer:
Verified
Q23: When calculating aggregate demand,government expenditure:
A) Includes only
Q24: When the economy overheats,the government sometimes cools
Q25: Ceteris paribus,which of the following changes in
Q26: The combination of price level and real
Q27: Which of the following is consistent with
Q29: Which of the following is true about
Q30: Net exports for the United States are:
A)
Q31: On October 24,1929,the stock market crashed.By the
Q32: According to Keynes,which of the following is
Q33: Exports minus imports are referred to as:
A)
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