A simultaneous increase in both unemployment and inflation is most likely to be the result of a(n):
a. increase in long-run aggregate supply.
b. increase in short-run aggregate supply.
c. decrease in the aggregate demand.
d. simultaneous outward shift of the aggregate demand and supply curves.
e. decrease in the short-run aggregate supply.
e
Economics
You might also like to view...
One reason why nations trade is because
a. trading provides opportunities to earn profits. b. the rate of interest is not the same in all countries. c. resources are not equally distributed to all nations. d. some nations like to build one thing while others like to build another.
Economics
John Maynard Keynes believed that the government should play a role in fighting both unemployment and inflation.
Answer the following statement true (T) or false (F)
Economics