The Great Depression Showed That the Short-Run Aggregate Supply and the Aggregate

question 203

Multiple Choice

The Great Depression showed that the short-run aggregate supply and the aggregate demand curves:

• A) must always intersect at full employment.
• B) can intersect at output levels far below full employment.
• C) must intersect at output levels above full employment.
• D) can never lead to deflation.

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Definitions:

Puppets

Articulated figures or models, manipulated by a puppeteer, used in performances to entertain or convey stories.

Tele-

A prefix meaning distant, used in forming words that signify communication over long distances, such as telephone or television.

Bad Work Ethic

Characterized by a lack of responsibility, dedication, and professionalism in one's approach to work tasks or environments.

Late

Occurring or coming after the expected, scheduled, or usual time; delayed.