Multiple Choice
Inflation occurs over time as a result of
A) long-run aggregate supply increasing faster than aggregate demand.
B) long-run aggregate supply increasing faster than short-run aggregate supply.
C) decreases in aggregate demand.
D) aggregate demand increasing faster than long-run aggregate supply.
Correct Answer:
Verified
Correct Answer:
Verified
Q253: All of the following shift the short-run
Q254: The quantity of real GDP supplied depends
Q255: An increase in the quantity of capital
Q256: Which of the following would NOT shift
Q257: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q259: The short-run aggregate supply curve is upward
Q260: When talking about aggregate supply, it is
Q261: How do changes in the money wage
Q262: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB8586/.jpg" alt=" -In the above
Q263: In the long-run, the quantity of real