If Prices and Wages Are Sticky, a Decrease in Aggregate

question 61

Multiple Choice

If prices and wages are sticky, a decrease in aggregate demand will cause

• A) an increase in the price level and employment.
• B) a decrease in the price level and employment.
• C) an increase in the price level and a decrease in employment.
• D) a decrease in the price level and an increase in employment.

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Definitions:

Native Americans

The indigenous peoples and cultures of what is now the United States, who inhabited the land for thousands of years prior to European colonization.

Feminism

A movement and ideology that advocates for the rights and equality of women in society, politics, and all areas of life.

Accomplishments

Achievements or successes that have been realized, often resulting from hard work and effort.

1960s

A decade marked by significant social, political, and cultural change around the world, including the civil rights movement, counterculture, and advancements in science and technology.