Multiple Choice
If the price level kept increasing,the short-run aggregate supply curve would get steeper because
A) all the unemployed would eventually be hired.
B) there are limits to how long workers can work long hours and capital can go without proper maintenance.
C) the rate at which capacity can be expanded increases indefinitely.
D) the long-run aggregate supply curve is horizontal.
Correct Answer:
Verified
Correct Answer:
Verified
Q81: Figure 8-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 8-4
Q82: If the price level kept increasing,the _
Q84: If the price level kept decreasing,the short-run
Q85: The price level is measured on the
Q87: _ will be associated with a constant
Q88: We distinguish between the long-run aggregate supply
Q89: Figure 8-3 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4981/.jpg" alt="Figure 8-3
Q90: Demand-pull inflation occurs when<br>A)increases in aggregate demand
Q91: A recessionary gap is commonly referred to
Q273: The long-run aggregate supply curve will shift