Multiple Choice
The short-run aggregate supply curve has a _____ slope, showing that increases in the price level will _____ the quantity of aggregate output supplied by firms.
A) positive: increase
B) positive: increase.
C) positive; decrease
D) positive; decrease.
E) negative; increase
F) negative; increase.
G) negative; decrease
H) negative; decrease.
Correct Answer:
Verified
Correct Answer:
Verified
Q4: Suppose that the Federal Reserve engages in
Q5: How does a reduction in corporate tax
Q6: Which policy will shift the AD curve
Q7: Ceteris paribus, a decrease in government expenditure
Q8: (Figure: Shift of the Aggregate Demand Curve)
Q10: An increase in government spending, all things
Q11: If declining labor union membership causes workers
Q12: (Figure: Shift of the Aggregate Demand Curve)
Q13: You are an analyst preparing a forecast
Q14: The stock market drops significantly. Ceteris paribus,