$$\text { Rightward shift in supply } + \text { unchanged demand curve } =$$

question 68

True/False

$$\text { Rightward shift in supply } + \text { unchanged demand curve } =$$ lower equilibrium price and larger equilibrium quantity.

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Definitions:

Keynes

Refers to John Maynard Keynes, an economist who is best known for his theories on the causes of prolonged unemployment and the influence of aggregate demand on the economy.

Worldwide Depression

A prolonged period of economic downturn that affects multiple countries and economies around the globe.

Interest Rates

The cost of borrowing money, typically expressed as a percentage of the amount borrowed, paid to lenders over a period.

Full Employment

A situation where all available labor resources are being used in the most economically efficient way, typically characterized by the absence of cyclical unemployment.