Multiple Choice
Both the long-run and short-run aggregate supply curves will shift when
A) the government increases defense spending.
B) an event occurs which is expected to last only a short period of time.
C) they are both upward sloping.
D) the endowments of the factors of production change.
Correct Answer:
Verified
Correct Answer:
Verified
Q278: Refer to the above figure. Suppose the
Q279: To explain the existence of excess capacity,
Q280: Suppose we observe rising nominal GDP, a
Q281: A permanent reduction in international trade barriers
Q282: According to the classical model, prices and
Q284: What is the major difference between the
Q285: Saving is a leakage from the circular
Q286: A stronger U.S. dollar leads to _
Q287: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB5018/.jpg" alt=" -In the above
Q288: The Keynesian contention that the short-run aggregate