Solved

Beginning from a Position of Long-Run Equilibrium, Suppose There Is

Question 17

Multiple Choice

Beginning from a position of long-run equilibrium, suppose there is an increase in the aggregate demand curve. After adjustment and comparing the economy's new long-run equilibrium with its original long-run position, the result would be an increase in:


A) real GDP.
B) the price level (CPI) .
C) the unemployment rate.
D) a and b, but not c.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q12: Economic growth can be represented by a(n):<br>A)

Q13: Exhibit 14A-2  Macro AD-AS Model <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9287/.jpg" alt="Exhibit

Q15: Exhibit 14A-5  Macro AD-AS Model <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9287/.jpg" alt="Exhibit

Q16: Exhibit 14A-3  Macro AD-AS Model <img src="https://d2lvgg3v3hfg70.cloudfront.net/TBX9287/.jpg" alt="Exhibit

Q18: The long-run aggregate supply curve is:<br>A) upward-sloping.<br>B)

Q19: Exhibit 14A-6  Aggregate demand and supply model <img

Q21: Beginning from a position of long-run equilibrium

Q79: One reason for the short-run aggregate supply

Q111: Economic growth is measured by the percentage

Q123: ​ A short-run aggregate supply curve (SRAS)