Suppose aggregate demand in the economy sharply declines. Mainstream economists say that the price level (at least for a time) will _______ and real output will _________
A. decrease; remain constant
B. increase; remain constant
C. remain constant; decrease
D. remain constant; increase
C. remain constant; decrease
Economics
You might also like to view...
The night before a midterm exam, you decide to go to the movies instead of studying for the exam. You score 60 percent on your exam. If you had studied the night before, you'd have scored 70 percent
What was the opportunity cost of your evening at the movies? A) 10 percent off your grade B) 60 percent C) 70 percent D) zero
Economics
What generates economic growth?
What will be an ideal response?
Economics
How do subsidies distort trade patterns and lead to inefficiencies?
Economics
A pie chart is a way to display information regarding two variables
a. True b. False Indicate whether the statement is true or false
Economics