Multiple Choice
The long-run aggregate supply curve shows that by itself a permanent change in aggregate demand would lead to a long-run change
A) in the price level and output.
B) in the price level,but not output.
C) in output,but not the price level.
D) in neither the price level nor output.
Correct Answer:
Verified
Correct Answer:
Verified
Q3: An increase in the expected price level
Q4: Other things the same,if workers and firms
Q5: People had been expecting the price level
Q6: Which of the following shifts the long-run
Q7: Which of the following is correct?<br>A)The short-run,but
Q9: According to the misperceptions theory of the
Q10: The long-run aggregate supply curve<br>A)is vertical.<br>B)is a
Q12: Suppose workers notice a fall in their
Q13: Assuming that a is positive,theories of short-run
Q125: The classical dichotomy and monetary neutrality are