If inflation and unemployment is rising at the same time, then this is most likely the result of a shift
a. downward in the aggregate demand schedule.
b. upward in the aggregate demand schedule.
c. downward in the aggregate supply schedule.
d. upward in the aggregate supply schedule.
e. none of the above can explain this
Question 2
On the gold standard, a trade deficit in the U.S. impacted the economy by producing
(a) a gain of specie.
(b) a tight supply of money.
(c) low interest rates.
(d) deflation.
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