If European economies experience a period of sustained recession and the United States does not, what will happen in the United States?
A. An increase in aggregate supply
B. A decrease in aggregate supply
C. A decrease in aggregate demand
D. An increase in aggregate demand
Answer: C
You might also like to view...
The _____ keeps decisions at the divisional level that would be sent to headquarters in a _____
a. matrix organization; M-form firm b. U-form; M-form firm c. U-form; matrix organization d. M-form; U-form firm
Growth in real wage rates is closely tied to growth in labor productivity
a. True b. False Indicate whether the statement is true or false
Pricing goods below cost to drive an industry in another country out of business is called ______.
Fill in the blank(s) with the appropriate word(s).
In Japan in 2000 the price level fell by 5 percent and the money wage rate did not change. As a result, there was a
A) movement down along Japan's short-run aggregate demand curve. B) movement down along Japan's short-run aggregate supply curve. C) rightward shift in Japan's short-run aggregate supply curve. D) movement down along Japan's long-run aggregate supply curve.