Solved

According to the AD-AS Model,the Economy Depicted in the Diagram

Question 114

Multiple Choice

According to the AD-AS model,the economy depicted in the diagram below has a(n) ____________ gap and will experience ____________ pressure on the price level over time. According to the AD-AS model,the economy depicted in the diagram below has a(n) ____________ gap and will experience ____________ pressure on the price level over time. A) recessionary;downward B) expansionary;upward C) zero output;no D) expansionary;downward E) recessionary;upward


A) recessionary;downward
B) expansionary;upward
C) zero output;no
D) expansionary;downward
E) recessionary;upward

Correct Answer:

verifed

Verified

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

Related Questions

Q109: An economy is characterized by the AD

Q110: If the SRAS curve is positively sloped,then

Q111: An economy characterized by the AD equation

Q112: If the SRAS and AD curves intersect

Q113: For the economy depicted in the diagram

Q115: The AD-AS model depicts a self-correcting economy.This

Q116: An important merit of the AD-AS model,compared

Q117: Stagflation is a combination of<br>A) a recessionary

Q118: According to the expectations-augmented Phillips curve model,a(n)_

Q119: The AD-AS model predicts that,in a country