If Policymakers Increase Aggregate Demand,then in the Short Run the Price

question 70

Multiple Choice

If policymakers increase aggregate demand,then in the short run the price level

• A)falls and unemployment rises.
• B)and unemployment fall.
• C)and unemployment rise.
• D)rises and unemployment falls.

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Definitions:

Implied Warranty of Fitness

A legal assumption that a sold good or service is suitable for a particular purpose, as might reasonably be inferred by the buyer from the nature of the product or service.

Magnuson-Moss Warranty Act

A U.S. federal law established to protect consumers from deceptive warranty practices, ensuring warranties on consumer products are clear and fair.

Express Warranty

A statement by a seller about a product's condition or quality that forms part of the contractual obligation.

International Customs

Established practices and rules that govern the exchange of goods and services across national borders.