Multiple Choice
Beginning at long-run equilibrium in the dynamic model of aggregate demand and aggregate supply, in the period in which a positive supply shock occurs, the DAS curve _____ and the DAD curve _____.
A) shifts upward; shifts rightward
B) shifts upward; does not shift
C) does not shift; does not shift
D) shifts downward; shifts leftward
Correct Answer:
Verified
Correct Answer:
Verified
Q41: According to the Taylor principle, for inflation
Q42: In the dynamic model, the demand for
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Q44: Fill in the blanks: As a dynamic
Q45: In the dynamic model of aggregate demand
Q47: According to the Taylor rule, when real
Q48: Long-run growth _ the demand for goods
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