A budget deficit will be least inflationary if the aggregate
a. demand curve is very steep.
b. demand curve is very flat.
c. supply curve is very flat.
d. supply curve is very steep.
c
Economics
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If the nominal wage is $30 in 2011 and the CPI is 202 in 2011, then the real wage in 1982-1984 dollars
A) is $14.85. B) is $30. C) is $1.48. D) is $29.00. E) cannot be calculated without the past year wage rate.
Economics
Utility is:
A) a measure of income. B) a measure of savings. C) a measure of satisfaction. D) a measure of expenditure.
Economics