If the aggregate supply curve is upward-sloping,a decrease in aggregate demand will cause
A) A decrease in the price level and an increase in unemployment.
B) A decrease in the price level and a decrease in unemployment.
C) An increase in the price level and an increase in unemployment.
D) An increase in the price level and a decrease in unemployment.
Correct Answer:
Verified
Q30: An attempt to lower unemployment with demand-side
Q31: Demand-side policies alone result in which of
Q32: If the aggregate supply curve shifts to
Q33: According to the consensus view,when demand increases
Q34: Only a _ shift of the _
Q36: Higher unemployment and higher inflation rates will
Q37: The misery index is the
A)Inflation rate minus
Q38: Supply-side policies are designed to achieve
A)A leftward
Q39: The Phillips curve shows
A)A historical (inverse)relationship between
Q40: Rightward AS shifts will cause
A)Leftward Phillips curve
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