One possible result of a fall in aggregate demand coupled with a stable short-run aggregate supply is
A) a recession.
B) an increase in employment levels.
C) an economic expansion.
D) a rise in the stock market.
A
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A decrease in population would shift the demand curve to the left
Indicate whether the statement is true or false
In the above table, what is the average variable cost to produce 4 units of output?
To calculate GDP using the value-added method, one would add up
A) the market value of intermediate goods and services produced during a particular period. B) the value added by each firm involved in the production of final goods and services. C) the market value of final goods and services produced during a particular period. D) only the value added by the underground economy.
Which of the following will most likely cause a decrease the natural rate of unemployment?
a. an increase in the minimum wage b. an increase in unemployment benefits c. an increase in experienced workers aged 25 and over as proportion of the labor force d. an increase in the labor force participation rate of teenagers