If prices and wages are inflexible downward, a decrease in aggregate demand will:
A. reduce the price level but not real output.
B. increase short-run aggregate supply.
C. decrease short-run aggregate supply.
D. reduce real output but not the price level.
D. reduce real output but not the price level.
Economics
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A rapid increase in the availability of credit to previously underserved borrowers is likely ________
A) to result from financial liberalization B) to improve the allocation of capital C) to confirm the merits of microcredit D) to result from deleveraging
Economics
If current income increases as much as future income decreases
A) current consumption decreases. B) current consumption stays the same. C) current consumption increases. D) We do not know.
Economics