Multiple Choice
Which of the following is an example of a demand shock?
A) a large oil-price increase
B) the introduction and greater availability of credit cards
C) a drought that destroys agricultural crops
D) unions obtain a substantial wage increase
Correct Answer:
Verified
Correct Answer:
Verified
Q87: Assume that the long-run aggregate supply
Q88: Looking at the aggregate demand curve alone,
Q89: The long-run and short-run aggregate supply curves
Q90: In the short run an adverse supply
Q91: In the aggregate demand-aggregate supply model, short-run
Q93: The natural level of output is:<br>A) affected
Q94: A decline in the Index of Supplier
Q95: Most economists believe that the classical dichotomy:<br>A)
Q96: If the short-run aggregate supply curve is
Q97: The vertical long-run aggregate supply curve satisfies