If Aggregate Demand Had Grown Faster Than It Did from 2009

question 171

Multiple Choice

If aggregate demand had grown faster than it did from 2009 to 2010, then the U.S.economy would have experienced

• A)higher unemployment and higher inflation.
• B)lower unemployment and lower inflation.
• C)higher unemployment and lower inflation.
• D)lower unemployment and higher inflation.

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Definitions:

Revocation

The official cancellation or withdrawal of an offer, license, or agreement.

Bilateral Contract

A type of agreement where both parties involved promise to perform certain actions or obligations, often creating mutual legal obligations.

Unilateral Contract

A contract in which one party makes a promise in exchange for an act (not a promise) by the other party.

Accepted Into College

The act of being granted admission to a college or university program as a recognized student.