You can generally distinguish an aggregate supply-caused recession from an aggregate demand-caused recession because
A. real GDP will rise in an aggregate supply recession.
B. the price level will fall in an aggregate supply recession.
C. the price level will fall in an aggregate demand recession.
D. real GDP will rise in an aggregate demand recession.
Answer: C
Economics
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A) 1/2. B) 4/3. C) 2/3. D) 3/4. E) 2.
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Apple continues to be innovative to ensure that their demand curve stays or becomes
a. More inelastic b. More elastic c. Unitary elastic d. None of the above
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