Answer a diff2 topic theshort run relationship

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Unformatted text preview: demand remains unchanged, A) there will be a positive relationship between the price level and the level of aggregate output. B) there will be a negative relationship between the price level and the level of aggregate output. C) there will be no systematic relationship between the price level and the level of aggregate output. D) the price level will remain unchanged, but aggregate output will decrease. Answer: B Diff: 3 Topic: The Short-Run Relationship Between the Unemployment Rate and Inflation Skill: Analytic AACSB: Analytic Skills 28) The economy experiences both inflation and unemployment when A) aggregate B) demand decreases and aggregate supply increases. aggregate C) supply decreases and aggregate demand remains unchanged. aggregate D) demand decreases and aggregate supply remains unchanged. aggregate demand increases and aggregate supply decreases. Answer: B Diff: 2 Topic: The Short-Run Relationship Between the Unemployment Rate and Inflation Skill: Analytic AACSB: Analytic Skills 29) The economy experiences both a...
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