According to the Consensus View,when Demand Increases near Full Employment

question 28

Multiple Choice

According to the consensus view,when demand increases near full employment,

• A)The price level increases,but real GDP stays the same.
• B)Real GDP increases,but the price level stays the same.
• C)Both the price level and real GDP increase.

---

Definitions:

Copies

Reproductions or duplicates of an original document, artwork, or item.

Next of Kin

The closest living relative or relatives to someone, particularly important in legal contexts such as inheritance or emergency decisions.

Intestate

Having died without leaving a valid will. Compare testate.