Multiple Choice
Which of the following statements is false with regard to the effect of macroeconomic policies?
A) they generally cause shifts in the aggregate demand curve
B) they can possibly increase long-run growth
C) they can help correct supply shocks that increases production costs but only at the expense of even higher inflation
D) they always cause shifts in the long-run aggregate supply curve
Correct Answer:

Verified
Correct Answer:
Verified
Q5: An increase in the money supply with
Q6: A nation's output in the short-run can<br>A)exceed
Q7: With high short-term international capital flows,fixed exchange
Q8: An increase in government expenditures leads to<br>A)a
Q9: In general,as the economy expends or contracts
Q10: The aggregate demand curve for an open
Q12: Which of the following statements is false?<br>A)a
Q13: A reduction in the general price level
Q14: The aggregate demand curve (AD)for closed economy
Q15: The aggregate demand curve (AD)for an open