Multiple Choice
People expect that the El Niño effect will cause drought in Australia in coming years. If most Australian firms expect that their profits will fall during the next five years, Australia's ________ this year.
A) aggregate demand will increase
B) long-run aggregate supply will increase
C) aggregate demand will decrease
D) short-run aggregate supply will increase
Correct Answer:
Verified
Correct Answer:
Verified
Q48: The AD curve shows the sum of<br>A)
Q49: An increase in the amount of human
Q50: The short-run aggregate supply curve shifts when<br>I.
Q51: An increase in government expenditure on goods
Q52: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q54: The short-run aggregate supply curve is upward
Q55: An inflationary gap occurs when<br>A) real GDP
Q56: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -An inflationary gap
Q57: Business cycles are the result of<br>A) regular
Q58: Moving upward along the short-run aggregate supply