Every economy must ration goods in some way because of
a. overpopulation.
b. poorly-performing markets.
c. the income gap between rich and poor.
d. scarcity.
D
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What will be an ideal response?
Aggregate demand and aggregate supply analysis suggest that, in the short run, an expansionary monetary will result in
a) a shift in the aggregate demand curve to the left b) a shift in the aggregate supply curve to the left c) an increase in real GDP without much inflation when the economy is on the horizontal portion of the aggregate supply curve d) an increase in real GDP with high inflation when the economy is on the horizontal portion of the aggregate supply curve e) an increase in real GDP and no inflation when the economy is on the verticall portion of the aggregate supply curve