Author Question: Other things equal, an increase in aggregate demand will result in: a. an economic expansion. b. ... (Read 74 times)

LCritchfi · **on:** Jun 30, 2018

Other things equal, an increase in aggregate demand will result in:
a. an economic expansion.
b. higher unemployment and a lower equilibrium price level.
c. an economic recession.
d. a decrease in equilibrium real GDP and an increase in the equilibrium price level.
e. a decrease in the overall economic welfare.

Question 2

Which of the following is a positive statement?
a. The average high temperature in Miami, Florida in February is lower than the average high temperature in Chicago, Illinois.
b. An increase in cigarette smoking will lead to a decrease in the likelihood of getting lung cancer.
c. 30 minutes of exercise three or more times per week will decrease the occurrence of heart disease.
d. all of the above