Multiple Choice
Suppose energy prices spike. In the short run, output will _____; in the long run, output will _____ from its starting point.
A) decrease; remain unchanged
B) decrease; increase
C) remain unchanged; decrease
D) remain unchanged; increase
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q54: What happens if business expectations improve?<br>A) Aggregate
Q74: Cost-push inflation is a result of too
Q133: John Maynard Keynes's analysis was based on
Q246: According to the figure of ADAS and
Q247: If you know the marginal propensity to
Q248: Assume that Macroland is a country that
Q250: Which of the following would NOT cause
Q252: If the marginal propensity to consume is
Q254: Which of the following factors will cause
Q255: Which of the following will shift the