Multiple Choice
Which curve is easiest to shift with government policy?
A) the short-run aggregate supply curve
B) the long-run aggregate supply curve
C) the aggregate demand curve
D) the short-run and long-run aggregate supply curves are both easy to shift
Correct Answer:
Verified
Correct Answer:
Verified
Q113: If the price level increases by 20%,
Q114: When short-run aggregate supply increases, it means
Q115: A positive demand shock leads to:<br>A) higher
Q116: According to the interest rate effect, a
Q117: Besides consumption, the component(s) of aggregate demand
Q119: Use the following to answer questions:<br>Figure: AD-AS
Q120: The _ curve shows the negative relationship
Q121: Potential output is the level of real
Q122: In the long run, the aggregate price
Q123: According to the short-run aggregate supply curve,