Multiple Choice
If the short-run aggregate supply curve is horizontal, an increase in union aggressiveness that pushes wages and prices up will result in ______ prices and ______ output in the short run.
A) higher; lower
B) lower; higher
C) higher; higher
D) lower; lower
Correct Answer:
Verified
Correct Answer:
Verified
Q80: When the Federal Reserve reduces the money
Q81: If a short-run equilibrium occurs at a
Q82: Starting from long-run equilibrium, if the velocity
Q83: All of the following are suggested by
Q84: An adverse supply shock _ the short-run
Q86: Explain aggregate supply. Why is the aggregate
Q87: Assume that the long-run aggregate supply
Q88: Looking at the aggregate demand curve alone,
Q89: The long-run and short-run aggregate supply curves
Q90: In the short run an adverse supply