Author Question: For a given aggregate supply curve, price level and output will both increase when aggregate demand ... (Read 166 times)

jjjetplane · **on:** Jun 30, 2018

For a given aggregate supply curve, price level and output will both increase when aggregate demand decreases.
a. True
b. False
Indicate whether the statement is true or false

Question 2

The firm's demand for labor curve is exactly the same as the:
a. wage rate.
b. price of the output.
c. MRP curve.
d. MP curve.
e. labor supply curve.