Economic growth takes place
A) only when both aggregate demand and aggregate supply increase.
B) when aggregate supply increases.
C) when aggregate demand increases.
D) only if the price level is constant or rising.
Correct Answer:
Verified
Q41: A short-run equilibrium occurs
A)at the intersection of
Q42: A decrease in long-run aggregate supply could
Q43: An aggregate demand shock is generally referred
Q44: The effect of a positive demand shock
Q45: The long-run aggregate supply curve will shift
Q47: An increase in the labour force while
Q48: The relationship between the price level and
Q49: The main difference between an individual supply
Q50: Figure 8-2 Q51: The effect of an adverse demand shock
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