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True/ false
A increase in the general
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- The aggregate quantity demand of real GDP A. increases if the price level rises. B. decreases if the price level rises. C. does not change with prices. D. All of the choices above are correct.All prices rise evenly during periods of inflation and deflation.TrueFalseExample of inflation with solution
- nterest rates are usually ________ during the latter stages of a downswing in the South African business cycle. An improvement in economic activity is normally triggered by an increase in ________. Manufacturing production rises during an upswing and in the latter stages of the upswing, inflation, and interest rates ____How long would it take for the price level to double if inflation persisted at the following percentages? 17.5 percent per year 35 percent per year 3.5 percent per yearWhich of the following statements best describes how the COVID-19 pandemic affected the US price level? The price level increases The price level decreases The price level roughly stays the same Impossible to say without more information
- Changes in the consumer price index are useful in predicting changes in the producer price index. Select one: a. False b. TrueWhich is the correct order once the AD or SRAS has shifted to start the inflation process? a. Prices increase in the shortage markets. b. Shortages develop in some markets. c. Prices throughout the economy rise. how fast was the increaase in the general price level in 2019?