During the Great Depression,aggregate Demand in the U

question 3

Multiple Choice

During the Great Depression,aggregate demand in the U.S.economy decreased.As a result,the unemployment rate ________ and the price level ________.

• A) decreased; increased
• B) remained unchanged; increased
• C) increased; remained unchanged
• D) remained unchanged; remained unchanged
• E) increased; decreased

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Definitions:

Production Possibilities Frontier

A curve depicting all maximum output possibilities for two or more goods given a set of inputs.

Resources

The total means available for economic and political development, such as minerals, labor force, and finances.

Fully Employs

A state of the economy in which all available labor resources are being used in the most efficient way.

Infeasible Outcomes

Scenarios or solutions that cannot be effectively implemented or realized due to practical limitations or constraints.