An economy in which output has decreased and prices have decreased would suggest a:
A. decrease in short-run aggregate supply.
B. increase in aggregate demand.
C. increase in short-run aggregate supply.
D. decrease in aggregate demand.
Answer: D
Economics
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One barrier to entry that may maintain an oligopoly is
a. government policy designed to limit foreign competition b. a low minimum efficient scale c. bounded markup pricing d. efficiency wages that make it impossible for new entrants to compete profitably e. executive payoffs
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Which of the following is defined as a rate of downward movement in the price level for an aggregate of goods and services?
A. Price index B. Reinflation C. Deflation D. Inflation
Economics