Closing a recessionary gap could cause which of the following to occur?
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stagflation |
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seasonal unemployment |
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Cost-Push inflation |
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Demand-Pull inflation |
A change in consumption will cause
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a change in AD |
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a change in PL |
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a change in RGDP |
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all of these should change, ceteris paribus |
Tax increases, terrorist attacks, and natural disasters are examples of
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potential outputs |
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adverse supply shocks |
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beneficial supply shocks |
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expansionary gaps |
a) "D"
It will cause a demand pull inflation in the market.
b) "D"
All of this will change ceteris paribus.
c) "B"
They are an example of adverse supply shock.
Closing a recessionary gap could cause which of the following to occur? stagflation seasonal unemployment Cost-Push...