Solved

If the Aggregate Demand (ADI)curve in an Economy Is Y

Question 34

Multiple Choice

If the aggregate demand (ADI) curve in an economy is Y = 10,000 - 10,000 If the aggregate demand (ADI) curve in an economy is Y = 10,000 - 10,000 ,current inflation ( ) equals 0.07 (7%) ,and potential output (Y*) equals 9,500,then in the short run,equilibrium output equals ________ and,in the long run,the inflation rate equals ________% A) 9,700;3 B) 9,500;5 C) 9,500;7 D) 9,300;5 E) 9,300;7
,current inflation ( If the aggregate demand (ADI) curve in an economy is Y = 10,000 - 10,000 ,current inflation ( ) equals 0.07 (7%) ,and potential output (Y*) equals 9,500,then in the short run,equilibrium output equals ________ and,in the long run,the inflation rate equals ________% A) 9,700;3 B) 9,500;5 C) 9,500;7 D) 9,300;5 E) 9,300;7 ) equals 0.07 (7%) ,and potential output (Y*) equals 9,500,then in the short run,equilibrium output equals ________ and,in the long run,the inflation rate equals ________%


A) 9,700;3
B) 9,500;5
C) 9,500;7
D) 9,300;5
E) 9,300;7

Correct Answer:

verifed

Verified

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

Related Questions

Q29: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB3713/.jpg" alt=" -Based on the

Q30: At short-run equilibrium,inflation _ and actual output

Q31: It seems likely that if the inflation

Q32: Suppose that the aggregate demand (ADI)curve in

Q33: The output losses from an upward inflation

Q35: If the Bank of Canada's monetary policy

Q36: Suppose that the aggregate demand (ADI)curve in

Q37: When actual output exceeds potential output,there is

Q38: High expected inflation leads to _ increases

Q39: At long-run equilibrium,inflation _ and actual output