If policy makers expand aggregate demand, they can lower unemployment ____, but only by ____
a. temporarily; decreasing inflation
b. temporarily; increasing inflation
c. permanently; decreasing inflation
d. permanently; increasing inflation
b
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Explain why contracts are beneficial to markets
What will be an ideal response?
The "Law of Diminishing Marginal Returns" could also be termed the "Law of Increasing Marginal Costs."
Indicate whether the statement is true or false
Explicit agreements between businesses to keep prices high:
A. are illegal. B. are called collusion. C. are not in the public's best interests. D. All of these statements are true.
An increase in the price level
A) shifts the AD curve to the right. B) shifts the AD curve to the left. C) causes an upward movement along the existing AD curve. D) causes a downward movement along the existing AD curve. E) a and c