Solved

-The Table Above Gives the Aggregate Demand and Aggregate Supply

Question 92

Multiple Choice

  -The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. Lotus Land is in short-run macroeconomic equilibrium. In the long run, if aggregate demand does not change, then Lotus Land will return to full employment as A)  the money wage rate rises. B)  the money wage rate falls. C)  businesses cut their imports. D)  the government cuts taxes.
-The table above gives the aggregate demand and aggregate supply schedules in Lotus Land. Lotus Land is in short-run macroeconomic equilibrium. In the long run, if aggregate demand does not change, then Lotus Land will return to full employment as


A) the money wage rate rises.
B) the money wage rate falls.
C) businesses cut their imports.
D) the government cuts taxes.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions