Negative externalities might be reduced by creating new rights, which we would describe as ________

If an economy is growing, but experiences no inflation, this means

a. aggregate demand increased, but aggregate supply did not. b. aggregate supply decreased, but aggregate demand did not. c. aggregate demand and aggregate supply increased by the same amount. d. aggregate demand and aggregate supply decreased by the same amount.

In which of the following conditions is the inflation rate likely to rise and the unemployment rate likely to fall?

A. stagflation B. boom C. recession D. hyperinflation