According to the real business cycle model, ________ in aggregate demand ________ GDP

A) increases; decrease
B) increases; increase
C) increases; do not affect
D) decreases; increase

Answer: C

Economics

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The marginal product is the slope of the:

a. marginal cost curve. b. total cost curve. c. total product curve. d. long-run average total cost curve

Economics

The number of vehicle types available in the United States has increased dramatically over the past thirty years. Everything else equal, this would make

A) the demand for individual vehicle types to become less elastic. B) the demand for individual vehicle types to become more elastic. C) the demand for all vehicle types to become unitary elastic. D) the demand for low quality vehicle types to become less elastic.

Economics