Secular deflation occurs when
A) both aggregate demand and aggregate supply are shifting left.
B) there is no economic growth and aggregate demand falls.
C) aggregate demand increases at the same time there is no economic growth.
D) aggregate demand remains unchanged while economic growth increases long-run aggregate supply.
D
Economics
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What does the demand curve for a product reflect?
a) the quantity consumers are able to purchase b) the value of the product to consumers c) the cost of the product to consumers d) the price the product will sell for in the market
Economics
To maximize profits, the monopolist should produce at which
A) MR = MC. B) MC intersects the demand curve. C) total revenue is maximized. D) total costs are minimized.
Economics