Multiple Choice
Figure 24-1 
-In Figure 24.1 the shift of the aggregate supply curve from AS1 to AS2 and the following shift back to AS1 is called ________.
A) a self-correcting mechanism
B) a self-fulfilling prophecy
C) a self-adjusting mechanism
D) a long-run correcting mechanism
Correct Answer:
Verified
Correct Answer:
Verified
Q8: Everything else held constant,aggregate demand increases when<br>A)taxes
Q20: In deriving the aggregate demand curve a
Q48: The increase in energy prices that occurred
Q49: One way to derive aggregate demand is
Q52: Everything else held constant,a decrease in the
Q58: Suppose the Canadian economy is operating at
Q58: Some unemployment is always present due to
Q63: Suppose the economy is producing at the
Q68: The short-run aggregate supply curve shifts to
Q74: Suppose the economy is producing at the