Over the Last Twenty Years,real GDP in the Canadian Economy

question 52

Multiple Choice

Over the last twenty years,real GDP in the Canadian economy has increased and there has been inflation.This indicates that

• A)aggregate demand has increased while aggregate supply has been constant.
• B)aggregate demand has been constant while aggregate supply has increased.
• C)aggregate demand has increased more than aggregate supply.
• D)aggregate demand has increased less than aggregate supply.

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Definitions:

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Information obtained through observation or experimentation that can be verified or disproven through empirical methods.

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