If AD Shifts to the Right When the Output Gap

question 51

True/False

If AD shifts to the right when the output gap is small then both national income and prices will rise quickly.

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Definitions:

Fahrenheit

A scale for measuring temperature where water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Celsius

A scale and unit of measurement for temperature where 0 degrees represents the freezing point and 100 degrees the boiling point of water at sea level.

Fahrenheit

A scale of temperature on which water freezes at 32 degrees and boils at 212 degrees under standard conditions.

Celsius

A scale and unit of measurement for temperature where 0° represents the freezing point of water, and 100° represents the boiling point at sea level.