Other Things the Same, an Increase in Aggregate Demand Reduces

question 68

True/False

Other things the same, an increase in aggregate demand reduces unemployment and raises inflation in the short run.

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Definitions:

Phrenic Nerve

Nerve derived from spinal nerves C3–C5; supplies the diaphragm.

Glossopharyngeal Nerve

A cranial nerve that is responsible for taste and other functions of the throat.

Hypoventilates

A condition where ventilation is inadequate to perform needed gas exchange, often resulting in increased blood CO2 levels.

Peripheral Chemoreceptors

Sensory receptors located in the carotid and aortic bodies that detect changes in blood chemical content, such as oxygen and carbon dioxide levels.