Which of the following is most likely to result in unemployment?
a. Aggregate demand grows more rapidly than aggregate supply.
b. Aggregate demand and aggregate supply grow at the same rate.
c. Aggregate supply grows more rapidly than aggregate demand.
d. Neither aggregate demand nor aggregate supply grows at all.
d
Economics
You might also like to view...
Using the data in the table above, the demand for skirts is
A) elastic. B) unit elastic. C) inelastic. D) indeterminate. E) perfectly inelastic.
Economics
A temporary increase in government purchases would ________ the domestic real interest rate and ________ net desired saving (desired saving less desired investment) in the economy
A) lower; increase B) lower; decrease C) raise; increase D) raise; decrease
Economics