If Aggregate Demand Shifts Inward Over a Long Period of Time

question 128

Multiple Choice

If aggregate demand shifts inward over a long period of time, with aggregate supply held constant, the economy should experience

• A)unemployment.
• B)budget surpluses.
• C)stagflation.
• D)inflation.

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Definitions:

Megaspore

A type of spore that is larger in size, produced by certain plants, that develops into a female gametophyte.

Mature Female

Typically refers to an adult female organism that has reached reproductive age or capability.

Gametophyte

The sexual phase in the life cycle of plants and algae that produces gametes.

Gymnosperm

Type of woody seed plant in which the seeds are not enclosed by fruit and are usually borne in cones, such as those of the conifers.