In the period from 1929 through 1933, there were successive ...

[anjilletteb]

In the period from 1929 through 1933, there were successive ________ in aggregate demand and ________ in short-run aggregate supply.
 
  A) increases; decreases
  B) decreases; increases
  C) decreases; no change
  D) increases; increases

Question 2

Difficulties in determining the cyclical pattern in real wage rates from aggregate data are primarily caused by biases due to
 
  A) substitution behavior.
  B) substantial differences across different business cycles.
  C) variations in the composition of the labor force over the business cycle.
  D) changing policy responses to business cycles.

[micaelaswann]

Answer to Question 1

B

Answer to Question 2

C

[anjilletteb]

Excellent

[phuda]

TYSM