Multiple Choice
An increase in long-run aggregate supply can be expected to ________ the price level and ________the natural rate of unemployment.
A) have no effect on; have no effect on
B) have no effect on; increase
C) decrease; decrease
D) decrease; have no effect on
E) increase; have no effect on
Correct Answer:
Verified
Correct Answer:
Verified
Q16: When a change in the price level
Q21: The slope of the short-run aggregate supply
Q54: An increase in short-run aggregate supply immediately
Q81: A technological advance leads to a shift
Q82: An increase in the minimum wage leads
Q86: In the long run,a technological advance that
Q103: A fall in the price level that
Q119: Refer to the following figure to answer
Q122: Refer to the following figure to answer
Q137: Which of the following would cause an