An increase in demand, holding supply constant, will tend to cause:
a. Lower prices and a smaller quantity sold
b. Lower prices and a larger quantity sold
c. Higher prices and a larger quantity sold
d. Higher prices and a smaller quantity sold
c. Higher prices and a larger quantity sold
Economics
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The economy is at full employment and then aggregate demand increases. Describe what happens as an immediate result of the increase in aggregate demand. Describe how the economy adjusts back to full employment
What will be an ideal response?
Economics
The ingredients that go into making any good or service are called the:
A. output makers. B. factors of production. C. factors of output. D. production ingredients.
Economics