Refer to the above figure. An increase in aggregate demand between real Gross Domestic Product (GDP) levels Y0 and Y1
A) would not increase output since the economy is already working at full capacity.
B) would have no effect on the price level.
C) would cause price levels to fall.
D) would most likely result in some inflation.
D
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When a firm produces more output using the same inputs or the same output using fewer inputs we say that the firm
A) experiences positive technological change. B) will hire more workers in order to produce more output. C) experiences an increase in demand. D) is operating in the short run.
Which of the following is a result of the health care reform enacted in 2010? a. Everyone in the U.S. must purchase health-care coverage or pay a fine
b. Every firm with more than 50 employees must offer health-care coverage. c. Health insurance companies must cover everyone that applies regardless of preexisting conditions. d. all of the above