Multiple Choice
Other things the same,if workers and firms expected prices to rise by 2 percent but instead they rise by 3 percent,then
A) employment and production rise.
B) employment rises and production falls.
C) employment falls and production rises.
D) employment and production fall.
Correct Answer:
Verified
Correct Answer:
Verified
Q26: The misperceptions theory of the short-run aggregate
Q27: A decrease in the expected price level
Q28: Which of the following shifts long-run aggregate
Q29: The sticky-wage theory of the short-run aggregate
Q30: In the long run,an economy's production of
Q32: The long-run aggregate supply curve would shift
Q33: Other things the same,if the price level
Q34: Wages tend to be sticky<br>A)because of contracts,social
Q35: An unexpected increase in the price level
Q36: Other things the same,if the long-run aggregate