A Negative Shock in Aggregate Demand Will Likely Result in No

question 88

Multiple Choice

A negative shock in aggregate demand will likely result in no permanent change in ________.

• A)output
• B)the equilibrium inflation rate if the central bank responds by lowering interest rates
• C)aggregate demand,if the central bank responds by lowering interest rates
• D)all of the above
• E)none of the above

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Definitions:

Underground Railroad

A secret network of routes and safe houses used in the 19th century to help enslaved African Americans escape to free states and Canada.

Harriet Tubman

An African American abolitionist, humanitarian, and during the American Civil War, a Union spy, renowned for her role in the Underground Railroad, leading enslaved people to freedom.

Free States

Refers to U.S. states that had abolished slavery before or by the end of the American Civil War.

Enslaved People's Efforts

The various ways in which people held in slavery resisted their condition and sought freedom, including revolts, escapes, and culture preservation.