Multiple Choice
In the long run, policy that changes aggregate demand changes
A) both unemployment and the price level.
B) neither unemployment nor the price level.
C) only unemployment.
D) only the price level.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q6: Why does a downward-sloping Phillips curve imply
Q7: Suppose that the economy is at an
Q8: If monetary policy moves unemployment below its
Q9: According to the Phillips curve, policymakers would
Q10: If a central bank increases the money
Q12: In the long run people come to
Q13: If there is a large and sudden
Q14: A rightward shift of the short-run aggregate-supply
Q15: Other things constant, which of the following
Q16: Are the effects of an increase in