Due to political instability in a country, there was a sudden decrease in the demand for goods. The unpredicted decrease in demand for goods caused a _____
a. macroeconomic shortage
b. macroeconomic surplus
c. budget surplus
d. depression
b
Economics
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The quantity theory of money implies that the price level will be stable (no inflation or deflation) when the growth rate of the money supply equals
A) 0. B) the growth rate of real GDP. C) the growth rate of the velocity of money. D) the growth rate of the price level.
Economics
Economists assume people behave rationally, which means that people
A) never make a mistake. B) do not intentionally make decisions that make themselves worse off. C) have the necessary information to always make correct decisions. D) always understand the consequences of their decisions.
Economics