Multiple Choice
If the current short-run equilibrium level of output is greater than full employment output,we can then expect that in the long run:
A) the price level will rise and short-run aggregate supply will fall.
B) the price level will rise and aggregate demand will fall.
C) the price level will fall and short-run aggregate supply will rise.
D) the price level will fall and aggregate demand will rise.
E) the long-run aggregate supply will increase.
Correct Answer:
Verified
Correct Answer:
Verified
Q10: When decision makers have time to fully
Q12: If the economy is in a recession
Q25: If the price level falls by 5%,then
Q36: What is the difference between a movement
Q116: When median home prices rise,the value of
Q124: When a change in the price level
Q126: Suppose the majority of students who are
Q132: Refer to the following figure to answer
Q142: All else being equal,as the population ages
Q144: If the current short-run equilibrium level of