Multiple Choice
A contractionary gap may be closed in the long run by a(n)
A) rightward shift of the short-run aggregate supply curve
B) leftward shift of the short-run aggregate supply curve
C) rightward movement along a fixed short-run aggregate supply curve
D) decrease in aggregate demand
E) increase in aggregate demand
Correct Answer:
Verified
Correct Answer:
Verified
Q3: Which of the following is true of
Q4: Which of the following would cause the
Q6: Which of the following is true regarding
Q7: Wage agreements may cause costs to be
Q9: Wage agreements may cause costs to be
Q10: As actual output falls below the potential
Q11: If the actual price level exceeds the
Q12: Exhibit 10-4 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-4
Q13: Exhibit 10-2 <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4914/.jpg" alt="Exhibit 10-2
Q98: In the long run,the price level is