2. An economist sees that the measured aggregate output level is lower than the potential output, this means there is:

Select one:

a.high interest rates.

b.low unemployment.

c.high inflation.

d.high unemployment.

3. If the Canadian government decides to initiate the policy of giving each person an extra $50 a day who are already paying for daycare. The _____ curve shifts _____, output _____, and prices _____.

Select one:

a.short-run aggregate supply; right; increases; decrease

b.short-run aggregate supply; left; decreases; increase

c.aggregate demand; left; decreases; decrease

d.aggregate demand; right; increases; increase

Clear my choice