An economy in which output has decreased and prices have decreased would suggest a: Multiple Choice...
An economy in which output has decreased and prices have decreased would suggest a:
Multiple Choice
-
decrease in aggregate demand.
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increase in aggregate demand.
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increase in short-run aggregate supply.
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decrease in short-run aggregate supply.
Homework Answers
"A"
If there is a decrease in the aggregate demand then the output and the price will both decrease. the answer is "A", this will shift the AD cruve to the left.
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