Specify the price-level outcomes
Question:
Explain: "Unemployment can be caused by a decrease of aggregate demand or a decrease of aggregate supply". In each case, specify the price-level outcomes.
(Include a example relating concepts in questions to every - day event)
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"Unemployment can be caused by a decrease of aggregate demand or a decrease of aggregate supply". In each case, specify the price-level outcomes.
The fixed manufacturing cost is $450,000 and the fixed operating cost is $75,000. The selling price per unit is $925.
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What measures the fed should take to reduce the unemployment rate and expand the economy.
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