12.2 Equilibrium in Aggregate Demand and Supply Analysis

question 75

Multiple Choice

12.2 Equilibrium in Aggregate Demand and Supply Analysis
AD - AS Equilibrium
-On the graph above,if inflation is falling,while the quantity demanded and output are rising,the economy may be at a point on ________.

• A)the aggregate supply curve above the aggregate demand curve
• B)the aggregate supply curve below the aggregate demand curve
• C)the aggregate demand curve above the aggregate supply curve
• D)the aggregate demand curve below the aggregate supply curve
• E)none of the above

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Definitions:

Balanced-Budget Amendment

A proposed amendment to the U.S. Constitution requiring the federal budget to be in balance, with expenditures not exceeding revenues.

Capital Gains Tax

A tax on the profit realized on the sale of a non-inventory asset that was higher in value than the purchase price, most commonly assessed on real estate, stocks, and bonds.

Ultra-Progressive

Describes individuals or movements that advocate for radical reforms and changes, often towards inclusivity, equality, and environmental sustainability, beyond conventional progressive stances.

Perjury

The criminal act of lying or making misrepresentations under oath, especially in a court of law, punishable as a serious offense because it undermines the judicial process.