Multiple Choice
If the SRAS curve is positively sloped,then a decrease in the demand for Canadian-made goods in Europe will lead to ___________ in the price level,in the short run.
A) an increase
B) a decrease
C) no change
D) either an increase or a decrease
E) an initial increase,and then a decrease
Correct Answer:

Verified
Correct Answer:
Verified
Q124: According to the AD-AS model,the short-run impact
Q125: The negative slope of the short-run Phillips
Q126: A rise in the price level<br>A) increases
Q127: The AD-AS model predicts that a negative
Q128: An SRAS curve would be _ if
Q129: In short-run equilibrium in the AD-AS model,output
Q130: Because increases in the price level reduce
Q132: The AD-AS model in the diagram above
Q133: Consider an economy initially at long-run equilibrium
Q134: The primary focus of monetary policy in