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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Definitions:

Vocalizations

The sounds produced by the vocal cords, including speech, cries, or other vocal output.

Infant

A young child in the earliest period of life, especially from birth to one year old.

Classical Conditioning

A training method where two different stimuli are paired repeatedly, leading to a response initially triggered by the second stimulus being ultimately triggered by the first stimulus alone.

Laughing

The act or sound of expressing mirth, joy, or amusement through vocal chuckles or guffaws.