Assume Weak Growth in Aggregate Demand Keeps the Economy Below

question 85

Multiple Choice

Assume weak growth in aggregate demand keeps the economy below potential GDP,so unemployment rises but inflation falls.This explains the ________ slope of the short-run Phillips curve.

• A)positive
• B)negative
• C)zero
• D)infinite

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Definitions:

Integer Array

A data structure that stores a fixed number of integer values in a single variable, allowing for efficient storage and manipulation of integer sequences.

Formal Parameter

The variables declared by a method that serve as placeholders for the values passed into the method when it is called.

Enumerated Type

A data type consisting of a set of named values, used in programming to enhance code readability and manageability.

Special Value

A value used in programming to denote unusual conditions or specific conditions (e.g., NULL to indicate the lack of a value).