Nonactivists of Policies Contend That a Policy of Shifting the Aggregate

question 14

Multiple Choice

Nonactivists of policies contend that a policy of shifting the aggregate ________ curve will be costly because it produces ________ volatility in both the price level and output.

• A)supply;less
• B)supply;more
• C)demand;less
• D)demand;more

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Definitions:

Efficiency And Equality

The balance between optimizing resource use and distributing goods and services fairly among society members.

Careful Planning

The process of meticulously organizing actions and tasks ahead of time to achieve a desired goal.

Goods And Services

Products and activities that satisfy human wants or needs, which can be tangible (goods) or intangible (services).

Economists

Individuals dedicated to analyzing the creation, dissemination, and consumption patterns of goods and services.