Multiple Choice
In the short run,what is the result of an increase in the price level?
A) Output prices will not change relative to input prices.
B) Output prices will rise relative to input prices.
C) Output prices could either rise or fall relative to input prices.
D) Output prices will fall relative to input prices.
Correct Answer:
Verified
Correct Answer:
Verified
Q141: Figure 9-4<br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5766/.jpg" alt="Figure 9-4
Q142: If wheat prices rose by 12 percent
Q143: In the Keynesian AE model,if the autonomous
Q144: What happens to unemployment and real output
Q145: Which of the following could set off
Q147: If there was no profit effect or
Q148: If employers win major wage concessions in
Q150: Which of the following could be expected
Q151: In the Keynesian model,which of the following
Q171: A disaster that destroys a large part