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Unformatted text preview: d aggregate supply were decreasing. C) Aggregate D) demand was increasing but aggregate supply was decreasing. Aggregate demand was increasing at a faster rate than aggregate supply. Answer: A Diff: 2 Topic: The Short-Run Relationship Between the Unemployment Rate and Inflation Skill: Conceptual AACSB: Reflective Thinking 35) Related to Economics in Practice on p. 264 [576]: Increased applications to graduate school in 2008 were an the indication that the A) labor demand was decreasing. B) labor demand was increasing. C) aggregate D) supply was increasing. aggregate demand was increasing. Answer: A Diff: 2 Topic: The Short-Run Relationship Between the Unemployment Rate and Inflation: Economics in Practice Skill: Conceptual AACSB: Reflective Thinking 36) Related to Economics in Practice on p. 264 [576]: Ceteris paribus, applications to graduate school tend to the ________ when the economy is experiencing ________. A) increase; B) inflation increase; C) growth decrease; D) recession decrease; growth Answer: D Diff: 2 Topic: The Short-Run Relationship Between the Unemployment Rate and Inflation: Economics in Practice Skill: Conceptual AACSB: Reflective Thinking 2 Tr ue /F al 1) s e As the ment rate declines in response to the economy movi...
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This note was uploaded on 06/02/2013 for the course ECON 130 taught by Professor Meshew during the Fall '13 term at Victoria Wellington.

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