Multiple Choice
Suppose than successive AD/SAS equilibrium points run up a vertical line to the right of the LAS curve.It must be the case that inflation is ________ the average expected inflation figured into the wage contracts in force,which allows output to ________ the natural GDP.
A) greater than,remain below
B) greater than,remain above
C) less than,remain below
D) less than,remain above
E) equal to,be maintained at
Correct Answer:
Verified
Correct Answer:
Verified
Q9: If there is a permanent adverse supply
Q10: Productivity growth shocks in 2009 and early
Q11: Suppose we are initially at a long-run
Q12: Natural real GDP is the rate of
Q13: Suppose that members of Congress and the
Q15: The short-run SAS curve is positively sloped
Q16: An extinguishing policy response to a supply
Q17: An increase in the rate of growth
Q18: The short-run Phillips Curve gives<br>A)the actual short-run
Q19: A counterclockwise loop spiraling downward in the