Samuelson and Solow Reasoned That When Aggregate Demand Was High

question 214

Multiple Choice

Samuelson and Solow reasoned that when aggregate demand was high, unemployment was

• A)low, so there was upward pressure on wages and prices.
• B)low, so there was downward pressure on wages and prices.
• C)high, so there was upward pressure on wages and prices.
• D)high, so there was downward pressure on wages and prices.

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