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:

Arrival Rate

In queuing theory, it is the average number of items or people arriving at a service facility within a specified period of time.

Service Rate

Service rate is a measure used in service and operations management to denote the speed at which service providers can serve customers or process transactions.

Average Time

The mean duration of a set of time intervals.

Queue

A sequence of items or people waiting in line to be processed or serviced, often managed on a first-come, first-served basis.