Multiple Choice
Pessimism
Suppose the economy is in long-run equilibrium. Then because of corporate scandal, international tensions, and loss of confidence in policymakers, people become pessimistic regarding the future and retain that level of pessimism for some time.
-Refer to Financial Crisis.In the long run,if the Fed does not respond,the change in price expectations created by the crisis shifts
A) aggregate demand right.
B) aggregate demand left.
C) short-run aggregate supply right.
D) short-run aggregate supply left.
Correct Answer:
Verified
Correct Answer:
Verified
Q23: Suppose the economy is in long-run equilibrium.
Q51: Suppose the economy is in long-run equilibrium
Q52: Figure 33-6. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-6.
Q53: Consider the exhibit below for the following
Q54: Figure 33-5. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-5.
Q55: Suppose the economy is in long-run equilibrium.If
Q58: Figure 33-10. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-10.
Q59: Which of the following would cause stagflation?<br>A)rising
Q60: Suppose that the economy is at long-run
Q61: Figure 33-11. <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2297/.jpg" alt="Figure 33-11.