If the economy is operating in the intermediate range of the aggregate supply curve, then the greater the rate of growth of aggregate demand the:
A. Greater the resulting increase in the price level, the greater the rate of growth of output, and the greater the unemployment rate
B. Greater the resulting increase in the price level, the lower the rate of growth of output, and the greater the unemployment rate
C. Less the resulting increase in the price level, the lower the rate of growth of output, and the greater the unemployment rate
D. Greater the resulting increase in the price level, the greater the rate of growth of output, and the lower the unemployment rate
D. Greater the resulting increase in the price level, the greater the rate of growth of output, and the lower the unemployment rate
You might also like to view...
The original maturity on U.S. Treasury bills is between
A) three months and six months. B) one and ten years. C) six months and three years. D) ten and thirty years.
In the above figure, what is the price the firm receives if the output is 8?
A) $10 B) $2 C) $7 D) $8
Marginal land is land
A. that is unprofitable under any circumstances. B. that is the most productive in the area. C. that is on the borderline of profitability. D. of average productivity.
GDP is not a perfect measure of social welfare and the society's economic well-being because
A. it does not say anything about the distribution of income. B. it does not include all economic activities in the economy. C. GDP accounting rules do not adjust for production that causes negative externalities. D. all of the above.