Multiple Choice
A sudden,unexpected increase in the economy's prevailing wage level due to a general strike threat would
A) shift the aggregate demand curve out and push equilibrium prices down
B) shift the aggregate demand curve in and push equilibrium output down
C) shift the short run aggregate supply curve in and push equilibrium prices up
D) shift the Phillips Curve in and increase the natural rate of unemployment
E) shift the long run aggregate supply curve out and push equilibrium prices down
Correct Answer:
Verified
Correct Answer:
Verified
Q2: Consider the following hypothetical annual growth rates
Q3: In the long run,the shape of the
Q4: Consider the following hypothetical annual growth rates
Q5: If firms are producing below capacity,<br>A) it
Q6: The slope of the aggregate demand curve
Q7: Business cycles affect long run growth because<br>A)
Q8: Which of the following could cause a
Q9: Output in excess of potential GDP<br>A) implies
Q10: Which of the following would cause an
Q11: Which of the following variables typically moves