Multiple Choice
The slope of the SP curve depends on
A) how business changes its markups when output varies.
B) whether the expansionary force in the economy is coming through monetary policy or fiscal policy.
C) the percentage of GDP that is sold on auction markets.
D) both A and C.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q34: The effects of a supply shock on
Q35: The sacrifice ratio for disinflations is the
Q36: If actual real GDP (Q)is permanently greater
Q37: Suppose we are initially at a long-run
Q38: With a "cold turkey" disinflationary policy of
Q40: Suppose we are on the economy's SP
Q41: Continuous inflation in the long run requires
Q42: Suppose we are initially at a long-run
Q43: Given an adverse supply shock,an "extinguishing policy
Q44: If x is the growth rate of