Solved

-Refer to Exhibit 9-1

Question 90

Multiple Choice

-Refer to Exhibit 9-1.If the economy is self-regulating,the price level is A) lower in short-run equilibrium than in long-run equilibrium. B) lower in long-run equilibrium than in short-run equilibrium. C) higher in long-run equilibrium than in short-run equilibrium. D) lower when the economy is in a recessionary gap than when it is in long-run equilibrium. E) a and c
-Refer to Exhibit 9-1.If the economy is self-regulating,the price level is


A) lower in short-run equilibrium than in long-run equilibrium.
B) lower in long-run equilibrium than in short-run equilibrium.
C) higher in long-run equilibrium than in short-run equilibrium.
D) lower when the economy is in a recessionary gap than when it is in long-run equilibrium.
E) a and c

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q85: Which of the following is most nearly

Q86: Suppose the economy's short-run equilibrium is at

Q87: If the economy is self-regulating,explain the correct

Q88: If the SRAS curve intersects the AD

Q89: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit

Q91: According to classical economists,the relationship between the

Q92: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit

Q93: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6439/.jpg" alt=" -Refer to Exhibit

Q94: If the economy is in long-run equilibrium,the

Q95: A necessary condition for the economy to