Which of the following is most likely to lead to an economic contraction?
a. A decrease in the average price level
b. An increase in aggregate supply
c. A decrease in aggregate demand
d. A decrease in taxes
e. An increase in transaction demand for money
c
Economics
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An efficiency wage
A) is higher than the market wage and tends to increase productivity. B) is lower than the market wage and tends to increase productivity. C) is higher than the market wage and tends to decrease productivity. D) is lower than the market wage and tends to decrease productivity.
Economics
What actions should the Fed take if it believes the economy is about to fall into recession?
What will be an ideal response?
Economics