Multiple Choice
If actual output exceeds potential output, eventually:
A) input prices will rise and output will fall.
B) both input prices and output will rise.
C) input prices will fall and output will rise.
D) both input prices and output will fall.
Correct Answer:
Verified
Correct Answer:
Verified
Q61: Refer to the graph shown. No changes
Q62: Explain the difference between the long run
Q63: According to Keynes, why might deflation create
Q64: Refer to the graph shown. A policy
Q65: With an upward-sloping short-run aggregate supply curve,
Q67: In the 1990s, the price level in
Q68: Refer to the graph shown. In the
Q69: Consider the following diagram <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB7143/.jpg" alt="Consider
Q70: A fall in the price level:<br>A)reduces the
Q71: An economy's resources:<br>A)can never be overutilized.<br>B)can always