If aggregate demand and nominal GDP increase while the price level is constant, we would conclude that
A) the economy is already at full employment.
B) the aggregate supply curve is upward sloping.
C) the aggregate supply curve is horizontal.
D) the aggregate demand curve is vertical.
C
Economics
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In monopolistically competitive markets
A) price is greater than it would be in perfect competition. B) price is less than it would be in perfect monopoly. C) quantity is greater than it would be in perfect monopoly. D) All of the above.
Economics
When an exchange rate is determined strictly by the demands and supplies for a nation's currency, it is called:
a. fixed. b. arbitrage. c. floating. d. unilateral. e. balance of payments.
Economics