Along the Keynesian range of the aggregate supply curve, higher aggregate demand fails to stimulate output and only causes inflation

a. True
b. False
Indicate whether the statement is true or false

False

Economics

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Total surplus is always equal to the sum of consumer surplus and producer surplus

a. True b. False Indicate whether the statement is true or false

Economics

The industries or sectors of the economy in which business cycle fluctuations tend to affect output most are

A. clothing and education. B. capital goods and durable consumer goods. C. military goods and capital goods. D. services and nondurable consumer goods.

Economics