11.4 Consequences of Changes in Aggregate Demand

question 301

Multiple Choice

11.4 Consequences of Changes in Aggregate Demand

-Refer to the above figure. An increase in aggregate demand between real Gross Domestic Product (GDP) levels Y₀ and Y₁

• A)would most likely result in some inflation.
• B)would not increase output since the economy is already working at full capacity.
• C)would have no effect on the price level.
• D)would cause price levels to fall.

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Discrimination Prohibition

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Workforce Diversity

The range of differences among the members of a workforce, including race, gender, ethnicity, age, disability, and cultural background.

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