Multiple Choice
The "No - Markets Fail Often" camp argues that
A) wages are slow to rise.
B) wages are slow to fall.
C) most supply shocks originate outside the economy.
D) business investors can predict the future.
E) consumers save more when interest rates fall.
Correct Answer:

Verified
Correct Answer:
Verified
Q160: When the price level rises, short-run aggregate
Q161: The "Yes - Markets Self-Adjust" camp argues
Q162: A negative demand shock combined with a
Q163: Aggregate demand decreases when<br>A) interest rates fall.<br>B)
Q164: The "No - Markets Fail Often" camp
Q166: Short-run aggregate supply decreases if<br>A) the price
Q167: An increasing price level and increased unemployment
Q168: A fall in the price level<br>A) increases
Q169: Planned spending on aggregate demand is calculated
Q170: The "Yes - Markets Self-Adjust" camp argues