Author Question: An increase in aggregate demand leads to the strongest increase in the price index, when the economy ... (Read 68 times)

misspop · **on:** Jun 30, 2018

An increase in aggregate demand leads to the strongest increase in the price index, when the economy is in the:
a. Classical range.
b. Keynesian range.
c. Intermediate range.
d. There is not enough information to tell.
e. None of the above.

Question 2

A clear conclusion from offshoring debates and analyses is that:
a. If offshoring isn't stopped, some nations are likely to go bankrupt.
b. Tariffs and quotas are needed to protect nations from offshoring's ill effects.
c. Offshoring is often disruptive in the short run and can have significant transition costs.
d. Offshoring lacks any potential to increase a nation's GDP and holds only the potential to keep GDP the same or reduce it.