When PAE

Name: When PAE < Y the economic response should be: A) eventually production will decrease. B) eventually production will increase. C) there will be no change in aggregate production. D) the government will intervene by cutting down on taxes.
Brand: Quizplus
Rating: 4.8 (31 reviews)

Question

When PAE < Y the economic response should be:
A) eventually production will decrease.
B) eventually production will increase.
C) there will be no change in aggregate production.
D) the government will intervene by cutting down on taxes.

Quizplus · Accepted Answer

The Answer of When PAE < Y the economic response should be:
A) eventually production will decrease.
B) eventually production will increase.
C) there will be no change in aggregate production.
D) the government will intervene by cutting down on taxes.

When PAE < Y the Economic Response Should Be