Multiple Choice
The ________ curve has a positive slope because as prices of final goods and services rise, prices of inputs rise more slowly.
A) short-run aggregate supply
B) long-run aggregate supply
C) short-run aggregate demand
D) long-run aggregate demand
E) short-run labour supply
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Stagflation usually results from<br>A)a supply shock.<br>B)a decrease
Q3: All of the following are reasons why
Q3: Stagflation occurs when<br>A)inflation rises and nominal GDP
Q5: Using aggregate demand and aggregate supply, explain
Q6: If the economy receives an influx of
Q8: Which of the following will shift the
Q9: Spending on the military is essentially categorized
Q11: At the beginning of the recession of
Q12: Canadian National Railways (CN)plays such a large
Q81: Which of the following is not a