A decrease in aggregate demand will cause
A) prices to fall according to classical economists, and unemployment to increase according to Keynes.
B) prices to fall and unemployment to increase according to both classical economists and Keynes.
C) aggregate supply to fall according to classical economists, and prices to fall according to Keynes.
D) aggregate supply to fall according to Keynes, and unemployment to increase according to classical economists.
A
Economics
You might also like to view...
In the figure above, if the government gives a voucher equal to $3,000 per year to each college student, how many students will be accepted?
A) 8 million per year B) 12 million per year C) 10 million per year D) 14 million per year
Economics
What does the maturity of a bond indicate?
Economics