In the late 1990s, aggregate demand was growing rapidly, but productivity grew even more rapidly. What happened to prices and output?
A. output went up a lot, prices went up some
B. prices went up a lot, output went up some
C. output went down, prices went up some
D. both prices and output went down
E. both prices and output remain unchanged
Ans: A. output went up a lot, prices went up some
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Indicate whether the statement is true or false
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a. low; low b. low; high c. high; low d. high; high
The figure below shows a single consumer's demand for ice cream at the student union. 
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A. 1,500 B. 2,000 C. 1,200 D. 800