Multiple Choice
A permanent negative supply shock leads to ________ real interest rates ________.
A) higher;in both the short and long runs
B) higher;in the short run but not in the long run
C) lower;in both the short and long runs
D) lower;in the short run but not in the long run
Correct Answer:
Verified
Correct Answer:
Verified
Q2: A theory of aggregate economic fluctuations called
Q3: The aggregate demand curve is the total
Q4: Everything else held constant,an increase in government
Q5: The long-run aggregate supply curve is<br>A)a vertical
Q6: Suppose the U.S. economy is producing at
Q8: Everything else held constant,aggregate demand increases when<br>A)taxes
Q9: Which of the following increases aggregate supply
Q10: Suppose the economy is producing at the
Q11: According to aggregate demand and supply analysis,the
Q12: In the long-run equilibrium<br>A)output is a function