If Aggregate Demand Equals Output

question 38

Multiple Choice

If aggregate demand equals output,

• A)the economy is in a recession.
• B)output will increase.
• C)output will fall.
• D)the economy is at its equilibrium level.

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Definitions:

Harvard Law Review

The Harvard Law Review is a prestigious law journal published by an independent student group at Harvard Law School, featuring scholarly articles on legal issues.

Thurgood Marshall

The first African-American justice on the U.S. Supreme Court, serving from 1967 to 1991, known for his legal work in dismantling racial segregation.

Dixiecrats

A political party in the United States, officially known as the States' Rights Democratic Party, that split from the Democratic Party in 1948, advocating for racial segregation and states' rights.

States' Rights Democrats

A faction within the Democratic Party that emerged in the mid-20th century, advocating for states' rights to legislate and govern without federal intervention, particularly on issues of racial segregation.