Everything else held constant, if aggregate output is to the left of the IS curve, then there is an excess ________ of goods which will cause aggregate output to ________
A) supply; fall
B) supply; rise
C) demand; fall
D) demand; rise
D
Economics
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Refer to Figure 11-1. Within a country, the impact of wars and revolutions and their subsequent destruction of capital is reflected in the per-worker production function in the figure above by a movement from
A) C to A. B) A to B. C) B to A. D) B to C.
Economics
Draw a scatter diagram of the interest rate and the unemployment rate. Describe the relationship
What will be an ideal response?
Economics