If a Decrease in the Z Factors Resulted in a Very

question 96

Multiple Choice

If a decrease in the Z factors resulted in a very large change in the price level and a very small change in aggregate output,

• A) then in the U.S. economy investment demand must not be sensitive to the interest rate.
• B) then the U.S. economy must have been on the very steep part of its short-run aggregate supply curve.
• C) then the U.S. economy must have been on the very flat part of its short-run aggregate supply curve.
• D) then the U.S. aggregate demand curve must be very steep.

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Second-Class Tickets

Tickets offering a level of service and comfort lower than first-class, often at a lower price.

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Tickets that allow access to the highest level of service and amenities available on commercial transportation, such as airlines and trains.

Income

Payment acquired, typically at consistent times, for services performed or through investment profits.

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The money amount expected, needed, or conferred as a payment for a product.