Multiple Choice
If workers expect the rate of inflation to rise from 4% to 6% next year, this should:
A) shift the short-run aggregate supply curve to the right.
B) shift the short-run aggregate supply curve to the left.
C) move the economy up along a stationary short-run aggregate supply curve.
D) move the economy down along a stationary short-run aggregate supply curve.
Correct Answer:

Verified
Correct Answer:
Verified
Q93: An adverse supply shock causes the short-run
Q97: Which of the following models has as
Q99: After an unexpected increase in the price
Q101: In the dynamic aggregate demand and aggregate
Q102: The model that relies on emphasising the
Q103: Use the dynamic model of aggregate demand
Q104: Workers expect the rate of inflation to
Q105: If the Australian dollar increases in value
Q182: Explain how each of the following events
Q212: The long-run aggregate supply curve shows the