Falling output, in the short run, could be due to:
A. an increase in short-run aggregate supply.
B. a reduction in aggregate demand.
C. an increase in long-run aggregate supply.
D. an increase in aggregate demand.
Answer: B
You might also like to view...
If a firm is earning negative economic profits, it implies
a. That the firm's accounting profits are zero b. That the firm's accounting profits are positive c. That the firm's accounting profits are negative d. More information is needed to conclude about accounting profits
Which of the following is not true of task inventories?
A. It describes actual tasks. B. A task inventory can be used for many different jobs. C. It measures the purpose of tasks. D. It uses an objective rating format
Relative to the federal government, state and local governments spend a larger share of their funds on:
A. education. B. health. C. defense. D. interest payments.