If the full-employment level of real GDP is greater than the equilibrium level of real GDP, the nation would be experiencing a(n)
A) inflationary gap.
B) recessionary gap.
C) demand-pull inflation.
D) rising prices.
B
Economics
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Firms face downward sloping demand curves in
A) monopolies only. B) monopolies and oligopolies only. C) monopolies and oligopolies that collude only. D) all market structures except perfect competition.
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An increase in the money supply decreases the equilibrium interest rate and shifts the aggregate-demand curve to the right
a. True b. False Indicate whether the statement is true or false
Economics