A Contraction in an Aggregate Demand Can Cause

question 125

Multiple Choice

A contraction in an aggregate demand can cause:

• A) an increase in employment.
• B) a decrease in unemployment.
• C) an increase in real GDP.
• D) a recession.

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Definitions:

Plate Tectonics

The scientific theory that explains the movements of the Earth's lithospheric plates and the phenomena that occur at their boundaries, like earthquakes and volcanic activity.

First Major Extinction

Refers to the Ordovician-Silurian extinction event, which is believed to be the first of the five major extinction events in Earth's history, occurring approximately 443 million years ago.

Epoch

A division of time that is smaller than a period and greater than an age, used in geology to describe sections of the geologic timescale.

Ordovician

A geologic period and system which is the second period of the Paleozoic Era, characterized by the diversification of marine life.