Multiple Choice
According to the aggregate demand and aggregate supply model,in the long run a decrease in the money supply leads to
A) decreases in both the price level and real GDP.
B) an increase in real GDP and an increase in the price level.
C) a decrease in the price level but does not change real GDP.
D) an increase in the price level but does not change real GDP.
Correct Answer:
Verified
Correct Answer:
Verified
Q44: If there are sticky wages,and the price
Q45: The aggregate demand and aggregate supply model
Q46: Since the end of World War II,the
Q47: Which of the following is not a
Q48: The effects of a higher than expected
Q50: The discovery of a large amount of
Q51: If the price level rises above what
Q52: The sticky-wage theory of the short-run aggregate
Q53: Over the last fifty years both real
Q54: Menu costs help explain<br>A)sticky-price theory.<br>B)misperceptions theory.<br>C)sticky-wage theory.<br>D)All