Multiple Choice
The long-run adjustment to a supply shock results in:
A) the short-run aggregate supply curve shifting to the right.
B) the price level rising.
C) unemployment rising.
D) workers being willing to accept higher wages.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: During an economic expansion or boom, it
Q3: Explain how the aggregate demand and supply
Q4: Which of the following would not be
Q5: What is the result of an increase
Q7: Refer to Figure 10.1 for the following
Q9: Spending on the national defence force is
Q10: The level of long-run aggregate supply is
Q22: An increase in aggregate demand causes an
Q60: Stagflation occurs when short-run aggregate supply decreases.
Q229: The aggregate demand curve shows the relationship