For developed economies, sustained increases in aggregate demand, absent increases in aggregate supply, will result in a.

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For developed economies, sustained increases in aggregate demand, absent increases in aggregate supply, will result in

a. Growth for a while, but ultimately it will result in only inflation.

b. Continuous economic growth.

c. Deflationary risks.

d. A boom and bust cycle.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 03:23 AM

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For developed economies, sustained increases in aggregate demand, absent increases in aggregate supply, will result in a.

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Issues in Economics Today

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