Which of the following will most likely accompany an unanticipated reduction in aggregate demand?
a. an increase in the general price level
b. an increase in unemployment
c. an increase in real GDP
d. an increase in resource prices
B
You might also like to view...
A ________ is the price at which a trading partner is indifferent between making the trade and not doing so
A) market value B) reservation value C) shadow value D) discounted value
Full integration would lower the effective tax rate on capital and, therefore, lead to increased saving.
A. True B. False C. Uncertain
The income net of taxes is called _____
a. real income b. disposable income c. nominal income d. taxable income e. personal income
Which of the following would not cause a change in the supply of milk?
a. an increase in government subsidies to dairy farmers b. an increase in the price of milk c. the discovery of growth hormones to stimulate the milk production of cows d. an increase in the cost of feed for cows