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Author Question: Given aggregate demand, a decrease in aggregate supply creates: a. a higher price level and a ... (Read 161 times)

Engineer

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on: Jun 30, 2018
Given aggregate demand, a decrease in aggregate supply creates:
 a. a higher price level and a higher GDP level.
  b. a lower price level and a higher GDP level.
  c. cost-push inflation.
  d. demand-pull inflation.

Question 2

The stock of money people hold to pay everyday predictable expenses is the:
 a. transactions demand for holding money.
  b. precautionary demand for holding money.
  c. speculative demand for holding money.
  d. store of value demand for holding money.


kmb352

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Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

a


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