Aggregate supply changes much faster than aggregate demand
Indicate whether the statement is true or false
FALSE
Economics
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When output rises, unemployment also rises.
a. true b. false
Economics
According to the equation of exchange, if real Gross Domestic Product (GDP) is $25 billion, the money supply is $10 billion, and the price index equals 2, then the income velocity of money is
A) 5. B) 10. C) 25. D) 50.
Economics