If there is an unanticipated decrease in aggregate demand, which of the following is most likely to occur?

Economic growth measured in terms of an increase in per capita real GDP is a good measure of _____

a. the average citizen's standard of living in a nation b. the quality of labor in a nation c. the distribution of income in a nation d. the quality of life people experience in a nation e. economic activity in a nation

Deflation

a. reflects falling price levels b. was prevalent during the oil shocks of the 1970s c. under the current trends will cause consumers' purchasing power to shrink d. has been persistent in the U.S. economy since the Great Depression e. is the same as stagflation