Real-world continued inflation is probably a result of continued

A) increases in aggregate demand.
B) decreases in aggregate demand.
C) increases in aggregate supply.
D) decreases in aggregate supply.

A

Economics

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The Phillips curve relates the inflation rate to

a. the unemployment rate. b. GDP. c. disposable personal income. d. the interest rate.

Economics

A society can occasionally produce at a point beyond its production possibilities frontier if there is an economic crisis.

Answer the following statement true (T) or false (F)

Economics