Multiple Choice
In the long-run, the attempt to correct slow economic growth or the unemployment caused by cost-push inflation by implementing an expansionary fiscal policy will most likely produce:
A) disinflation.
B) a recession.
C) a price level surprise.
D) inflation
Correct Answer:

Verified
Correct Answer:
Verified
Q2: The short-run aggregate supply curve shifts to
Q17: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6686/.jpg" alt=" Refer to the
Q18: In the long-run firms respond to the
Q20: The short-run aggregate supply curve is upward-sloping
Q21: Aggregate supply shocks will:<br>A)move the economy along
Q23: The economy enters the long run once:<br>A)nominal
Q24: Supply-side economists say that:<br>A)lower tax rates on
Q25: The long-run aggregate supply curve:<br>A)is downward sloping.<br>B)is
Q26: The long-run Phillips Curve is essentially a
Q27: Cost-push inflation results directly from a(n):<br>A)decrease in