Multiple Choice
As actual output falls below the potential level in the short run,which of the following is most likely to occur?
A) More resources will become unemployed.
B) The price level will increase.
C) Real GDP will increase.
D) Nominal GDP will remain constant.
E) The natural rate of unemployment will fall.
Correct Answer:
Verified
Correct Answer:
Verified
Q94: The short-run aggregate supply curve shows a(n):<br>A)direct
Q95: The capital stock of an economy increases:<br>A)whenever
Q96: Given a downward-sloping aggregate demand curve,if short-run
Q97: Suppose the actual and expected price levels
Q98: In the long run,the price level is
Q100: If the rate of increase in the
Q101: If nominal wage rates increase by 2
Q102: The figure below shows the short-run aggregate
Q103: When the economy's actual price level exceeds
Q104: If resource suppliers and demanders find out