Multiple Choice
An expansionary gap in the short-run results in:
A) lower resource prices in the long run.
B) unemployment in the long run.
C) a recessionary gap in the long run.
D) cost-push inflation in the long run.
E) demand-pull inflation in the long run.
Correct Answer:
Verified
Correct Answer:
Verified
Q32: Given the aggregate demand curve,an increase in
Q33: The short-run aggregate supply curve:<br>A)is positively sloped.<br>B)is
Q34: The figure below shows short-run equilibrium in
Q35: The figure given below depicts long-run equilibrium
Q36: Which of these is an advantage of
Q38: The slope of the short-run aggregate supply
Q39: The nominal cost per unit of output
Q40: Wage rates are typically flexible upward but
Q41: In the short run,there is a positive
Q42: In the long run,a decrease in aggregate