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iVinArrow [24]
3 years ago
13

In the late 1990s, the United States experienced very high GDP growth, record low unemployment rates, and virtually nonexistent

inflation. Based on the conclusions of the AD/AS model, this combination of good economic results can be explained by a __________.
a. rightward shift of the aggregate demand.
b. leftward shift of the aggregate demand.
c. rightward shift of the short- or long-run aggregate supply.
d. leftward shift of the short- or long-run aggregate supply.
Business
1 answer:
Kipish [7]3 years ago
5 0

Answer:

d. leftward shift of the short- or long-run aggregate supply.

Explanation:

A smaller labor force would usually lead to a reflection in the leftward shift in both short run aggregate supply and potential GDP ( gross domestic product) of the economy. What this means is it would lead to a lower level of equilibrium with GDP ( gross domestic product) and a higher price level.

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1 year ago
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pochemuha

The degree of risk is associated with the probability or magnitude of loss. The given statement is true.

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4 0
1 year ago
To maintain good citizenship as a company and to make a fair profit on current operations are examples of _____. values
Radda [10]
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7 0
3 years ago
PLZ HELP FOR A TEST!!
Romashka [77]

Answer:

monopoly

Explanation:

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In a monopoly market, customers have no choice since competition is absent. Customers have to do with high prices, limited varieties, and limited innovation, unlike in market structures that have business competition. Competition results in increased innovation, quality products, and a variety of products at fair prices.

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3 years ago
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