Multiple Choice
Workers expect inflation to rise from 3% to 5% next year.As a result,this should
A) shift the short-run aggregate supply curve to the left.
B) shift the short-run aggregate supply curve to the right.
C) move the economy up along a stationary short-run aggregate supply curve.
D) move the economy down along a stationary short-run aggregate supply curve.
Correct Answer:
Verified
Correct Answer:
Verified
Q120: The main belief of the monetarist model
Q121: Figure 13-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-4
Q122: When potential GDP increases,short-run aggregate supply also
Q123: Stagflation occurs when aggregate supply and aggregate
Q124: Workers and firms both expect that prices
Q126: Figure 13-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1236/.jpg" alt="Figure 13-2
Q127: Higher personal income taxes<br>A)increase aggregate demand.<br>B)increase disposable
Q128: Long-run macroeconomic equilibrium occurs when<br>A)the aggregate demand
Q129: In the long run<br>A)GDP > potential GDP.<br>B)unemployment
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