Multiple Choice
Ceteris paribus, in the long run, a negative supply shock causes
A) the long-run aggregate supply curve to shift to the left.
B) the price level to rise initially, and then return to its lower level.
C) unemployment to fall below its short-run level.
D) equilibrium real GDP to fall.
E) higher labour force participation.
Correct Answer:
Verified
Correct Answer:
Verified
Q40: All of the following would be considered
Q43: Which of the following could explain why
Q44: The mini recession that Canada experienced at
Q45: When the price level in Canada falls
Q46: Which of the following is one reason
Q47: Lower personal income taxes<br>A)increase aggregate demand.<br>B)decrease disposable
Q84: When the price of oil rises unexpectedly,the
Q119: Using an aggregate demand graph,illustrate the impact
Q136: Explain the three reasons the aggregate demand
Q206: What are sticky prices,and how can contracts