If the Economy Is Operating in the Intermediate Range of the Aggregate

question 74

Multiple Choice

If the economy is operating in the intermediate range of the aggregate supply curve, then the greater the rate of growth of aggregate demand the:

• A) Greater the resulting increase in the price level, the greater the rate of growth of output, and the greater the unemployment rate
• B) Greater the resulting increase in the price level, the lower the rate of growth of output, and the greater the unemployment rate
• C) Less the resulting increase in the price level, the lower the rate of growth of output, and the greater the unemployment rate
• D) Greater the resulting increase in the price level, the greater the rate of growth of output, and the lower the unemployment rate

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Definitions:

Influenced Darwin

Refers to the various observations, findings, and scholars that contributed to Charles Darwin’s development of the theory of evolution by natural selection.

Genetic Drift

A mechanism of evolution that leads to random changes in the gene frequencies of a population over time, particularly in small populations.

Hereditary Material

Genetic material, such as DNA or RNA, that is passed from parents to offspring and determines inherited characteristics.

Sexual Selection

Refers to the process of choosing mates based on certain traits, which can influence an individual's ability to reproduce within a population.