Multiple Choice
In the long-run, any inflation that occurs in the economy is the result of:
A) the reduction in the rate of increase in money supply.
B) the growth of aggregate supply.
C) the growth of aggregate demand.
D) the growth of real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
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
Q29: Economic growth driven by supply factors causes:<br>A)continuous
Q31: Although the increase in long-run aggregate supply
Q32: Which of the following is true of
Q33: Critics of supply-side economics:<br>A)argue that a tax
Q73: In the short-run, demand-pull inflation increases<br>A)real wages,