Samuelson and Solow reasoned that when aggregate demand was low,unemployment was
A)high,so there was upward pressure on wages and prices.
B)high,so there was downward pressure on wages and prices.
C)low,so there was upward pressure on wages and prices.
D)low,so there was downward pressure on wages and prices.

Question

Quizplus · Accepted Answer

Samuelson and Solow suggested that when aggregate demand was low, unemployment was high, leading to downward pressure on wages and prices due to the surplus of labor.

Samuelson and Solow Reasoned That When Aggregate Demand Was Low,unemployment