Multiple Choice
If prices are inflexible, then a negative demand shock will lead to:
A) A short-run increase in real GDP
B) A short-run decrease in real GDP
C) A short-run decrease in prices
D) No change in real GDP in the short run
Correct Answer:
Verified
Related Questions
Q57: Q58: If consumers become pessimistic, the economy is Q59: Who are the main economic investors in Q60: Q61: Inventories rise when: Q63: Suppose that inventories are rising. We could Q64: Economists believe that most short-run fluctuations: 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) Actual demand for output
A) Are
