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2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts

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Question 26

All other things being equal, in the short run an increase in aggregate demand in an economy is most likely to result in a reduction in

the price level.

the rate of cyclical unemployment.

the volume of imports.

national tax revenues.

2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts Questions

  1. A Level
  2. /Economics
  3. /2.2 How the macroeconomy works: the circular flow of income, aggregate demand/aggregate supply analysis and related concepts