Multiple Choice
Which of the following correctly describes the automatic mechanism through which the economy adjusts to long-run equilibrium?
A) the leftward shift of the short-run aggregate supply curve that occurs after a recession
B) the rightward shift of the short-run aggregate supply curve that occurs after a recession
C) the leftward shift of the aggregate demand curve that occurs after a recession
D) the rightward shift of the aggregate demand curve that occurs after a recession
Correct Answer:
Verified
Correct Answer:
Verified
Q24: An increase in government spending will result
Q25: Which of the following would not be
Q30: One factor which brought on the recession
Q65: Figure 13-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-1
Q78: An increase in the price level causes
Q164: If workers leave a country to seek
Q195: Figure 13-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-4
Q214: Figure 13-1 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-1
Q259: Studies have shown that<br>A)firms often cut nominal
Q273: Ceteris paribus,in the long run,a negative supply