A Decrease in Aggregate Demand Will

question 100

Multiple Choice

A decrease in aggregate demand will

• A)cause inflation.
• B)decrease unemployment.
• C)move the economy to a lower point on the short-run Phillips curve.
• D)cause the short-run Phillips curve to shift to the right.

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The comparison of an individual's wage or salary to those of other workers within the same organization, industry, or geographical area.

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A structured group of people working together to achieve common goals, guided by established regulations and operating procedures.

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The Fair Labor Standards Act, U.S. legislation that sets standards for minimum wage, overtime pay, and child labor protections.

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