In the short run, a negative demand shock will
a. decrease the price level but leave real GDP unchanged
b. increase the price level but leave real GDP unchanged
c. decrease both the price level and real GDP
d. increase the price level and decrease real GDP
e. decrease the wage rate
C
Economics
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Employment tends to
A) lead the cycle. B) be coincident with the cycle. C) lag the cycle. D) sometimes lead, sometimes lag the cycle.
Economics
Which of the following is a positive externality of consumption?
a. inoculations against a disease reduce the likelihood of transmitting it to others b. phosphates from laundry detergents c. litter from fast-food containers d. ozone depletion from the production of fast-food containers e. the greenhouse effect
Economics