Pearson eText Macroeconomics -- Instant Access (Pearson+)
Pearson eText Macroeconomics -- Instant Access (Pearson+)
13th Edition
ISBN: 9780136879503
Author: Michael Parkin
Publisher: PEARSON+
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Chapter 10, Problem 6SPA
To determine

Identify the two events that cause an increase in the aggregate demand curve, equilibrium after change in aggregate demand, and type of macroeconomic equilibrium. 

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Consider the following​ statements:   a. Fewer people are employed in Freedonia now than at any time in the past 75 years.   b. The unemployment rate in Freedonia is lower now than it has been in 75 years.Can both of these statements be true at the same​ time? A. ​Yes, these statements can be correct if more people are classified as​ "discouraged workers."B. ​No, these statements cannot be true since unemployment must increase as employment decreases.C. ​Yes, if the number of unemployed decreases more than the number of employed.D. ​Yes, both of these statements can be correct if labor productivity increases.
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