Multiple Choice
In our macro model,the level of aggregate output is determined in the short run by ________ but in the long run by the level of ________.
A) the output gap; factor productivity
B) the AD curve; interest rates
C) the AS curve; potential output
D) the AD and AS curves; Y*
E) the AD and AS curves; factor utilization
Correct Answer:
Verified
Correct Answer:
Verified
Q19: Consider the AD/AS macro model.An important asymmetry
Q20: In the basic AD/AS model,which of the
Q21: Which of the following is a defining
Q22: The growth rate of potential output might
Q23: If the short-run macroeconomic equilibrium occurs with
Q25: Suppose the economy is experiencing an inflationary
Q26: The Phillips curve provides a theoretical link
Q27: Fiscal policies typically affect the short-run level
Q28: The diagram below shows an AD/AS model
Q29: The curve that is sometimes called the